I just heard an acquisition story that made my heart melt. Meet Sally: - $3M in cash - Clear parameters - Spent 3 years searching for the right biz Here’s how BizScout helped Sally find her dream biz in days after years of getting burned:
Sally's not your typical buyer: - High school dropout with 2 Master’s degrees - Co-developed a cancer institute in Nevada - Ex- investment banking (all-round cool human being..)
After years of bouncing around in tons of different industries, a friend/client nudged Sally into buying a business in 2021. They even offered to back the acquisition. $3 million in cold hard cash ready to deploy. She just needed to find the right opportunity. How hard could that be?
Sally tried the "traditional" route first. She reached out to brokers on other acquisition platforms with her criteria: - $2-3.5M price range - Cashflow positive - Established SOPs - Ready to close in 3 months She expected them to be hungry like realtors since she was a fully funded buyer. But all she heard back was crickets.
Sally spent the next 3 years getting nowhere. In that time, she put 3 businesses into escrow: - Waste management company (fell through because family wouldn't let go) - Dinosaur exhibit in Scottsdale (seller kept tried to steal trademarks) - Med spa in Beverly Hills (owner had fake PhDs from diploma mills)
Then Sally saw a tweet from someone who "might be crazy" for investing in this new platform called BizScout (that was me btw lol). By then, she was deep in the trenches of failed deals and $45K in attorney fees. What did she have to lose?
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