Should You Buy a Business?!

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WHAT BROUGHT ME TO YOUTUBE: I worked at Goldman Sachs, in Private Equity, and built up a $100M holding company. But after being in Wall Street for so long, I got tired of managing hundreds of millions for the rich. Investing was for the few not the many. F that. You all are the reason I do this. We as a society need to get rich together. My mission is to create 100,000 business owners, I hope you’re one.

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The BE AN ADULT SECTION 🤗
All content on the Codie Sanchez YouTube channel reflects my own opinions and should NOT be taken as legal advice, financial advice, or investment advice. Please seek out the guidance of professionally trained and licensed in

Codie Sanchez

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⁠seller financing is as simple as this: let’s say you agree to buy a business for $1 million. Instead of paying “cash” or using traditional financing methods like borrowing from a bank. The seller agrees to sell the business to you the buyer in exchange for monthly payments including interest, as opposed to the full purchase price upfront. This can be lucrative for you as you can use the cash flow from the business you just bought to pay off the seller over time, instead of risking your own $ upfront. It can also be lucrative for the seller as they can earn interest on the selling price of the business instead of just a one time payment. This also works great because then the seller will be more inclined to set you up for success as the new business owner, sometimes staying in the business for as much as a year or two after the sale to show you the ropes. Cheers

JoshuaThorne-sv

Idk, the new ownership jacking up the prices is such a common trope that I hear customers complain about.

mowgli

As a business consultant and coach I can attest to this approach. It's mind boggling how poorly run a business generating $1M, $5M+ in revenue can be.

james-louis

One thing I’ve learned from negotiating contracts for the oil and gas industry is always request for your allowed rate increase every single year as long as the contract permits.

GeeMoneyESE