Show cover of Let’s Buy a Business

Let’s Buy a Business

Buying a business is a blend of process, timing, and luck. A few times a week Ryan Condie shares the deals he’s looking at in a short form podcast. Listen in on updates from investors and bankers. Whether you’re buying a business to own and operate or building up your passive income, you’ll learn what to focus on and what to avoid during acquisition.

Tracks

W2 to Owner - Get Your Finances in Order with Dave Lowell
Dave Lowell is fantastic. He’s not your parents’ financial planner where there is no fun till you hit 65. Dave is a financial planner that wants you to have fun too. We dive into... W2 to Business Owners' Success What HNW earners do Building your Financial Foundation Conversations with your Spouse Capital position - a new term for me but this is awesome Episode Resources Let’s Buy a Business: Narrowing Down My Criteria for My Business Acquisition Search Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Free Book - The EXITpreneur Playbook 10-Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Book a Call with Me Connect with Dave Lowell Let's Buy A Business Special Offer https://www.upyourmoneygame.net/ https://www.linkedin.com/in/thedavelowell/ 
34:00 09/20/2022
Most Common Problem After Talking to 12 Searchers - Narrowing Down Your Search Criteria
After speaking with 12 listeners last week, the most common problem I'm seeing is a lack of focus and no specific criteria. This is a rerun with some updates from my #2 episode. Most of my criteria are the same except for size and business history. Episode Resources Buy Then Build Let’s Buy a Business: Narrowing Down My Criteria for My Business Acquisition Search Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Free Book - The EXITpreneur Playbook 10-Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Book a Call with Me
17:24 09/16/2022
Digital Service Business to College Students - Deep Dive with Lewis Faucett
Lewis and I dive into an interesting service company we found with some awesome attributes. We focus on areas of due diligence too. Here is the listing: https://feinternational.com/buy-a-website/62956-digital-services-college-admissions-career-coaching-19m-gross-yr  Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Free Book - The EXITpreneur Playbook 10-Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Lewis Faucett lewfausett@gmail.com 
20:44 09/08/2022
Evaluating the Books During Due Diligence with Matt Remuzzi of CapForge
Matt Remuzzi started CapForge, wonderful bookkeeping, and CPA firm. He has helped 100’s, maybe 1000’s buyers and sellers with their books. I started to use them when I bought a business that had their books done by them. It was that convincing. Matt and the CapForge team can help you in due diligence and his unique perspective as a business owner is not just about numbers. Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Free Book - The EXITpreneur Playbook 10-Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Book a Call with Me Connect with Matt Remuzzi https://capforge.com/ https://twitter.com/capforge 
27:52 08/30/2022
$68M in Revenue Since 1994 - Legacy Product / Brand for Sale
Listing deep dive. Weird pricing but that is what opens it up to creative deals. This is a deal to get creative on. Wanna take over a great brand with 37 years of history? This is it. Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Free Book - The EXITpreneur Playbook 10-Step Video series to Finding a Company to Buy Niche Manufacturing Company in the Fitness Equipment Industry in Salt Lake City, Utah - BizBuySell Connect with Ryan Condie Book a Call with Me https://calendly.com/ryancondie/podcast-15-minutes
10:11 08/25/2022
How to Transition from Employee to Entrepreneur?
Listener mailbag. I dive into mental and financial areas of making the switch from employee to entrepreneur. OTHER EPISODES TO CHECK OUT: Jesse Safir Jennifer Anderson Damon Chlarson Brent Parker Rob Thompson Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Free Book - The EXITpreneur Playbook 10-Step Video series to Finding a Company to Buy Connect with Ryan Condie https://calendly.com/ryancondie/podcast-15-minutes
13:47 08/23/2022
Multiple Online Business Deal Dives With Yury Byalik from Onfolio Holdings
Yury is the Head of Strategy & Acquisitions at Onfolio Holdings (NASDAQ: ONFO). He’s been in the acquisition game for a long time. We dive into… Buyer Pitfalls for online businesses Add backs - Failed Marketing is not an add back Deal Deep Dives Productized Services The weirdest way to make money… Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy  Free Book - The EXITpreneur Playbook 10-Step Video series to Finding a Company to Buy Connect with Ryan Condie https://calendly.com/ryancondie/podcast-15-minutes Connect with Yury Byalik https://onfolio.com/ https://www.linkedin.com/in/ybyalik 
24:34 08/18/2022
How to Buy a Mountain Resort in a 300-Person Town with Rob Thompson
Rob Thompson left a lucrative tech career to buy a small mountain resort in the middle of nowhere. The nearest town has 300 people and his resort has 10 hotel rooms, 12 cabins, and 12 train cars you can stay in. We dive into… - All types of entrepreneurship that opened doors - Making Huge life Decisions and moving to a town of 300 people - Rethinking his Corporate Career - How he found the resort - Day 1 through 30 in running the resort Don’t miss this episode. :) Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Free Book - The EXITpreneur Playbook 10-Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://calendly.com/ryancondie/podcast-15-minutes Connect with Rob Thompson https://www.bigrockcandymountain.com/ https://www.facebook.com/BigRockCandyMountainResort/ https://www.linkedin.com/in/thompsonrobert 
21:10 08/09/2022
Avoiding Due Diligence Pitfalls with Ahmed Raza
Ahmed Raza has bought several businesses and now runs RapidDiligence.com which helps others evaluate businesses. From 1 off deals to streamlining his process, he helps others avoid pitfalls in the search world. We dive into… Underestimate the amount of work required Costs outside of COGS, what creeps up here Angel deals and structure Episode Resources Free Book - The EXITpreneur Playbook 10-Step Video series to Finding a Company to Buy Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Ahmed Raza https://rapiddiligence.com/ https://www.linkedin.com/in/araza617 
22:41 08/04/2022
$1M For a Business Selling Phones to the Elderly with Lewis Fausett
We dive into a business for sale selling phones to older people. :) Episode Resources Free Book - The EXITpreneur Playbook 10-Step Video series to Finding a Company to Buy Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy https://quietlight.com/listings/8791468/ Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Lewis Fausett lewfausett@gmail.com 
15:24 08/02/2022
How Kat Weaver Won 6-Figures to Start Her Business
Kat Weaver is an incredible entrepreneur with a successful exit for her first business in 2022. She won over 6 figures of grants and free money to start her first business. Kat now helps entrepreneurs raise money for their own businesses. We dive into… — Rethinking capital to launch or acquire a business — How to seek out investors — How to raise money from investors Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy 10-Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Kat Weaver https://www.powertopitch.com/ https://www.linkedin.com/in/katweaver/ kat@powertopitch.com 
22:37 07/21/2022
Everything About Using Your 401K to Buy a Business - Frank Selden Interview
We dive into how to use your existing 401k to invest or buy a business or real estate. Fascinating topic that is incredibly complex. Frank shoots you straight here. This is known as ROBS or Rollover as Business Start-ups. Episode Resources 10-Step Video series to Finding a Company to Buy Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Frank Selden http://www.401krobspros.com/ http://frankseldonlaw.com/ 
28:39 07/19/2022
Two Deal Listing Deep Dives - Texas Edition
Here are two businesses for sale right now that caught my eye from Texas Business Buyers. I dive into the high-level overview of their listings and what areas I would focus on for due diligence. Aquarium for Sale 30-Year-Old Plumbing Business Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 
13:32 07/14/2022
Building a World-Class Customer Experience with Your Acquisition with Scott Porter
Scott Porter is world-class in everything he does. His customer experience touch points are gold and we dive into… -- How to stand out as a boring business (he used to run 3 nursing homes, yeah, that's boring!) -- Seeking Challenges in your Career (he was on the founding team of an airline that just SPAC'd) -- Humanizing Experiences in everyday life. Episode Resources Exclusive to the Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Scott Porter https://www.linkedin.com/in/scottcraigporter/ https://www.instagram.com/sandiablochurros/ TACOINCIDENCE Podcast 15% off GROUP ORDERS for the Churro Fiesta in a Box (corp gifts) 15% off on our website with Discount Code: "LetsBuy" Info on Exec Taco Tour Masterminds in Mexico City https://www.instagram.com/forevervitamint/ 
26:39 07/08/2022
Mistakes I'm seeing Often from Buyers Right Now
2 Glaring Mistakes: Being too broad or too narrow on business criteria that aren't matching your effort. Nickle and Diming when you find a great business. Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 
08:15 06/23/2022
How to View Mainstreet Businesses in a Recession with Clint Fiore
Clint has 7+ years as a broker. 40+ deals. That’s a lot. Bought businesses, grew them, hired operators, a pilot, an awesome dad, etc. He's one of the clearest thinkers I've met in this space and that's because this isn't his first rodeo. You're gonna love these gems by Clint. Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Clint Fiore https://texasbusinessbuyers.com/ https://twitter.com/TxBusinessBuyer https://twitter.com/ClintFiore https://www.linkedin.com/in/clintfiore 
26:08 06/17/2022
My Brief Background + 3 Unique Deal Structures
I dive into my background of starting 10 businesses, buying/selling 12 deals, and 3 unique deal structures. Episode Resources Exclusive to Let’s Buy a Business podcast, get $25 just by taking a demo to learn more about Divvy, sign up here: Divvy | Start or letsbuyabusiness.com/divvy  Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 
16:35 06/14/2022
What You Will feel as a Searcher with Jordan Carter
This is one of my favorite episodes. Jordan Carter dives into many of the fears and doubts that you have while searching. We dive into... -- Telling Family and Friends -- What if it goes bust? -- What will people say and think -- How you can't search part time -- How to fund your acquisition Episode Resources 10 Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Jordan Carter https://www.searchinvestgroup.com/ jcarter@searchinvestgroup.com 
34:02 06/07/2022
Alternative Lending Options for $5-$20M businesses with Stephen Speer
Stephen is an OG in the lending space, especially for online businesses. He knows how these businesses operate which is rarer from lenders. BUT now he has something he's been working on for 7+ years which is how to fund businesses in the $5M - $20M range. We dive into... -- Capital Access Fund -- Alternative ways to Finance $5M - $20M businesses -- All things criteria, size, interest rates, PG's, etc. Episode Resources 10 Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with with Stephen Speer https://www.linkedin.com/in/stephenspeer https://ecommercelending.com/ 
16:42 05/26/2022
How to Buy a Business that Needs You with Jason Condie
Jason Condie went from a 7th grade Spanish teacher to owning multiple businesses in less than 3 years. He just acquired a website and digital course business that needed his skillset. We dive into... - Complete Career Transformation - Hiring the Whos and NOT learning the Hows - Motivated Sellers - Risk Tolerance - Buying a Business that needs you. Episode Resources 10 Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Jason Condie jdcondie@gmail.com 
20:49 05/24/2022
Robert Graham and Juan Ruiz - Examples of Multimillion Dollar Deals
Robert Graham and Juan Ruiz dive into specific deal examples for searchers. Robert helped 6 searchers close deals last year and Juan runs COMMUNETA at Harvard. We dive into… Dealing with non-recurring revenue How to handle unique business risk with investors Stock Sales to keep contracts in place Unions :) It's a fun convo. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Juan Ruiz http://communeta.com/ info@communeta.com Connect with Robert Graham https://www.linkedin.com/in/robertelliotgraham http://searchinvestgroup.com/ rgraham@searchinvestgroup.com https://www.linkedin.com/company/searchinvestgroup 
28:47 05/17/2022
5 Ways to Free Up Cash Flow in Inventory Business - Matt Putra
Matt Putra is an eCommerce expert and fractional CFO for eCommerce brands. He’s built, bought and consults for many eCom brands. We dive into… How to free up cash flow 5 Specific Actions to take to squeeze out working capital Good Debt vs Bad Debt Why eCom is taking a massive hit. Episode Resources 10 Step Video series to Finding a Company to Buy Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Matt Putra https://www.linkedin.com/in/mattputra https://www.eightx.co/ https://keepnaturewild.com/ 
17:18 05/12/2022
Mike Finger - 4 Successful Exits, Unique Acquisitions
Mike is the CEO of ExitOasis.com and has bought, built and sold 4 businesses. He’s also been a broker and coaches people on how to sell their business now. Mike found his first acquisition by driving around town and talking to owners. His Framework of Successfully Selling your Business: Desirable Results Duplicate Results Document Results The Owners wait too long to think about getting it ready to sell, then they fail. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Mike Finger Linkedin - https://www.linkedin.com/in/mike-finger-35130b31/ mfinger@exitoasis.com https://exitoasis.com/ Help to defend Ukraine — donate to Ukraine’s main charity fund — https://savelife.in.ua/en/donate/ Help to defend Ukraine — donate to the fund of the National Bank of Ukraine: https://ukraine.ua/news/stand-with-ukraine/ Ryan Twitter - https://twitter.com/ryanpaulcondie 
32:25 05/05/2022
What Makes a Good Seller
I dive into a short episode on an example of a good seller, the business traits and their own traits that generated a ton of interest in the market. -- No Short Cuts in Bookkeeping or Products -- Built for Transition - Hired the right people to Optimize -- Steady growth for 6 years of Operating History -- Good Margins on Evergreen products and Industry -- Good People Recipe for success. :) Episode Resources Help to defend Ukraine — donate to Ukraine’s main charity fund Help to defend Ukraine — donate to the fund of the National Bank of Ukraine Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv1 
08:09 04/28/2022
The Actual Numbers Behind an SBA Deal with Kinza Azmat
Kinza Azmat is an awesome entrepreneur and human being. She is making the switch from the corporate world to entrepreneurship through acquisition AND closing on her deal in a week. Here we dive into...the numbers! - All things SBA - Down Payment - Debt Payments - Earnings Yes, this episode is simplified as we mainly talk about just the numbers. Not all the other hard things like signing a Personal Guarantee, finding the business, supportive spouses, and the 1,349 things that go wrong when finding a deal. :) Episode Resources Connect with Ryan Condie Ryan Twitter - https://twitter.com/ryanpaulcondie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Kinza Azmat Follow Kinza Here - https://www.linkedin.com/in/kinzaazmat/ Kinza’s SBA Numbers Post - https://www.linkedin.com/feed/update/urn:li:activity:6916776389463433216/ Help to defend Ukraine — Donate to Ukraine’s main charity fund — https://savelife.in.ua/en/donate/ Donate to the fund of the National Bank of Ukraine: https://ukraine.ua/news/stand-with-ukraine/ 
13:47 04/26/2022
Online Tricks to Old School Business: Interview with Matt Blackwelder
Matt was the main guy going in to acquire businesses to run them. His Private Equity company bought 18 businesses in 18 months with Jared Zemp. We also breakdown how to use new tactics from online to offline businesses. Episode Resources Help to defend Ukraine — donate to Ukraine’s main charity fund Help to defend Ukraine — donate to the fund of the National Bank of Ukraine Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Matt Blackwelder https://www.linkedin.com/in/matthew-blackwelder-004a91b1/ 
40:48 04/19/2022
Jared Zemp Interview - Buying 18 Businesses in 18 Months (Part 1)
Jared bought 18 businesses in a very short time period. He talks about his highs and lows while creating a fund to buy and operate small businesses. Jared has some crazy acquisition stories such as 30% of his revenue from a furniture store he bought was actually a prostitution ring. He drops some knowledge bombs here if you want to buy businesses. Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ Connect with Jared Zemp jzemp@crowchild.com https://www.crowchild.com/micro 
25:43 04/14/2022
Buying a Commercial Janitorial + Hiring a GM from Day 1 with Jordan Inman and James Maxwell
Great episode with Jordan Inman and James Maxwell. They bought a great local business through a self-funded search process. We dive into.. -- When partners make sense -- Working with amazing sellers -- Deal Structure + Bankers on your team Episode Resources Traction Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Jordan Inman and James Maxwell Jordanrinman@gmail.com Jmaxwell814@gmail.com 
28:35 04/04/2022
Lessons learned on 100's of Acquisitions with Jeremy Harbour - Go Do Deals
Jeremy is the founder and CEO of Unity Group, a leading merger, acquisitions, and IPOs firm that specializes in helping entrepreneurs grow their small to medium enterprises (SMEs). The firm actively invests in SMEs in the $1-$15m turnover range and has offered advice on over 300 mergers and acquisitions worth billions of dollars. We dive into... -- Deal Structure -- How to buy businesses through consulting -- Acquiring Competitors for $1 "You make money selling businesses, not operating businesses" Episode Resources Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 Connect with Jeremy Harbour https://www.jeremyharbour.com/ https://www.linkedin.com/in/jeremyharbour/?originalSubdomain=sg Go Do Deals
34:54 03/31/2022
Funding an Acquisition between $200-$400k
One of the most common questions I get is how to fund a business between the ranges of $200k and $400k. There aren't great options here because most banks won't loan on this amount, an unproven business sometimes, may not be big enough to support you, etc. Here are a few options though. 1. Save up. This can take awhile. 2. SBA from a local bank. Has to be local. 3. Find an investor on good terms, make it interesting to them. 4. Short term debt (I'M NOT A FAN OF THIS and don't recommend it) 5. Seller note 6. Find a new sweet spot in terms of price range.   Episode Resources Help to defend Ukraine — donate to Ukraine’s main charity fund Help to defend Ukraine — donate to the fund of the National Bank of Ukraine Connect with Ryan Condie http://linkedin.com/in/ryancondie http://letsbuyabusiness.com/ https://forms.gle/RRcXpe3dK7pNGqv16 
08:57 03/24/2022