How I Bought a $3.4M Business For $200K

If you've ever thought about buying a business, then this episode's gonna be for you because on the internet there are a lot of people telling you about how amazing it could be to just go buy a business that's already working. You just take out a loan, you put very little money down, and boom, you're cash flowing and you're working passively. But those are also people that are Kinda selling you the dream. Now My buddy Dan, is one of my best friends from college. just actually did this. A couple of years ago he bought a business, a very random, unsexy business.

that he had no experience in, he didn't have a lot of money coming in, he had never bought a business before, but he did it. And it's actually worked out pretty well. And I asked him to come on and tell the real story. So tell us like What was it like? What did you do the first hundred days? How did you actually find bind the business? How much money did you have to put down? How much money did it make? What are the downsides? What are the traps? All the real stuff. And uh

I love it because Dan was very honest. He was very uh open about all those things. And then at the end, he actually brainstormed a couple of business ideas that He saw because when you buy a business, you look at hundreds of businesses. Um, he actually saw has a couple of his favorite spaces that he thinks people could go into. And we brainstorm that at the end. So this episode I think is gonna be a lot of value for anyone who's ever thought about buying a business. And then we have a fun brainstorm also at the end for other businesses that people could check out. Alright, enjoy this episode with my buddy Dan. I feel like I could rule the world, I know I could be what I want to.

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