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Most people think they need a lot of money to buy a business. That’s usually what stops them from even starting, because they assume they need hundreds of thousands sitting in the bank. But that’s not actually how this works. We recently looked at a deal with my brother that’s a good example of this. It’s the largest cat sitting business in Northern Virginia, where they send people into homes while owners are away and take care of their cats. The business was doing about $186,000 a year in profit and was listed for $650,000. We ended up getting it under contract for $625,000. Here’s how the deal was structured: $250,000 down $375,000 seller financed over 6 years at 8% So most of the purchase price was not paid upfront. Now here’s the part most people don’t realize. We’re not putting up the $250,000 ourselves. We’re bringing in one investor to cover that. In exchange, they get 33% of the business. They don’t operate it. They don’t manage anything day to day. They just participate in the upside while we run and grow it. So we’re acquiring a business that already exists, already has customers, and already makes money… Without needing to fund the entire deal ourselves. This is how a lot of deals actually get done. It’s not about having all the money. It’s about knowing how to structure the deal. Using seller financing. Bringing in the right investor. Putting the pieces together. If you’re only thinking in terms of “how much cash do I have,” you’re looking at this the wrong way. Scott

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Go to the Classroom section up top and find “How to Buy Your First Small Business” There’s a full breakdown, along with a 10-day challenge version depending on how you want to go through it That will give you the full framework If you’re new to the community, go to the pinned post below and comment where you’re at right now, I’ll respond and we can chat

Quick reminder we are going live tonight at 8pm EST for The Acquisition Blueprint. I’ll walk through - How experienced buyers evaluate deals - The acquisition framework step by step - Live Q&A on buying your first business If you're exploring buying a business, this will help you think about deals the right way. Join here If you're planning to join live, drop a 👍 below