I have been looking around for local small businesses to buy. What has astonished me is that I can find higher quality businesses in public markets at a lower price.
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Replying to @natstewart5
I had to learn the hard way that most small businesses stay small for one or more good reasons.
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Replying to @mgirdley @natstewart5
I agree with Nat. Had the same double-take. That said, the prices you see online for small businesses are way more negotiable than what you see on the NYSE. True,
@mgirdley? You know much. more about this than I do.1 reply 0 retweets 2 likes -
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Replying to @natstewart5 @Molson_Hart
I’d agree with that on being negotiable. Like re prices that way. My experience is anything SMB for sale publicly listed on a website etc by a broker/seller is either a scam or total junk. Listings there just to get buyers to call the broker.
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Replying to @mgirdley @natstewart5
Have you ever gotten good deal flow through brokers or has it always been outreach and word of mouth?
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Replying to @Molson_Hart @natstewart5
General purpose business brokers are not a good lead source in my experience. It due to their place in the market. They can only charge low % in transactions, so very difficult to build a career on that given small deal size. Those that specialize in a nice are usually better.
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Standard in my industry (ecom) is 8-10% and they apply this to inventory!
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