How to Buy a Business and Where to Find It (Proven Strategy)
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- čas přidán 9. 06. 2024
- Buying businesses is one of the best ways to scale and grow your company. I have done it more than 10 times in my career and in this video I wanted to share some proven strategies and tactics so you can do the same.
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Who am I?
My name is James Sinclair and I'm the founder and CEO of The Partyman Group of Companies. I started building my business when I was just 16 as a family entertainer after that I built up an entertainment agency, then moved into building a leisure and day nursery businesses. Today we operate a £30 million business which includes leisure, childcare, outdoor attractions, commercial property, arts and crafts manufacturing as well as one of the UK’s oldest Ice cream companies; The Rossi Ice Cream Company.
#business #buyingbusiness #entrepreneurship
⌚️Timestamps:
00:00 Intro
01:45 What is a Good Business?
07:35 Where to find them?
09:19 How to fund them?
13:11 Business Buying Tips
Between here and the amex channel loving the increase in content James!
Thank you! Always learn a great deal from you.
Slight Bond Villain aesthetic in this shot James!
A professional and detailed video Buy A Business ,I love Felicity Banks your channel and all the information you offer us. Thanks for sharing the video.
Engaged with a captivating video outlining a proven approach to purchasing a business discreetly, without disclosing the name. The content serves as a strategic guide, offering practical insights on how to navigate the process and uncover potential business prospects.
This video is really amazing... I love this video... Thank you for sharing this video with us
No nonsense like others just pure gold
Brilliant Video!
Replied to the question you asked me in your last video. I think it makes for an informative video.
This video is very informative....well explained..thanks for sharing this video with us
Amazing video thank you for sharing this video..
Amazing video and very informative content thank you for sharing this video..
Amezing explanation great
Recently watched an intriguing video discussing a successful method for acquiring a business confidentially, keeping the title undisclosed. The content acts as a strategic briefing, furnishing viewers with practical tips for maneuvering through the process and spotting potential business ventures.
Hi James great content. U mentioned what would we like to see content creation. I personally would love to see some content on the time u wake up, to the moment u left the house to go to work and how u manage and plan out you’re day to manage the running of the business
Thank you. Really helpful. :)
Very informative
Tuned into a compelling video on the proven strategy of buying a business without revealing the title. The content feels like a strategic briefing, providing viewers with practical advice on navigating the process and identifying potential business opportunities. 🌐🏢
Cheers James, another excellent one. Could you tell us if you’ve ever decided to get rid of any businesses you’ve bought into, why and how you feel about it now?
Hi James. Great video. It would be great if you could go through a case study and highlight the things you should look at or not look at. Thanks
Top notch content as usual James. My question is this. We all know work/life balance is important, but growing a successful business as you have done must have been difficult. There is only so many hours in the day, how do you prioritise work/life without having an adverse effect on either?
Keep up the great work. And I wish you every success.
Thanks! Please record the video about the commercial property!
Hi, i really love your videos, i have a suggestion, how do you structure your interviews and questions for employees and managers?
Thank you so much for these videos James. Your a top bloke it’s all really helped me in my business journey. Thank you.
Hi James, are you currently managing to pick up vendor financed deals that are interest free even with inflation being so high right now? Seems nuts that the seller would allow inflation to eat away at their sale value over a 4 year period.
Also, have you found that they always make you personally guarantee the deal?
Finally, are you able to make a video on the time someone screwed you over? It would be interesting to hear what mistakes were made and how others can avoid making the same mistakes. I've had a couple of friends stiff me in the past and have learnt a lot from it.
BOOM! You got everything on point. Thanks for the advice.
I’ve asked on Jonathon Jays channel but not had a reply. How much does due diligence cost (ballpark figure). And as a first time business buyer how do you avoid getting saddled with multiple due diligence payments when deals don’t go through. I understand the business will pay for it if you buy it but what if I don’t. This is a big concern for a first deal
I love the AMEX videos but why have they turned off the comments please?
Some interesting case studies would be nice both successes and failures
More videos of visiting your different businesses for me
James great insights… what if you don’t buy 100% of the business??
I would agree with every point you made in this video except one - Never give a PG as it puts you at risk, much better to provide a corporate guarantee which means that the SPV buying the business will be liable
In an ideal world of course that’s preferable. Try getting a bank to agree to that….. very hard.
With everything that you are doing in your business I would think you would be looking for storage and distribution center to buy .
I got a 25k business overdraft and needed a PG. all they would accept so I imagine they definitely want PG on larger sums 😂
I have a business and a few employees, how big do i need to get before a seller would trust me enough to sell me a £1mil turnover business on seller financing?
How to collaborate or do business in partnership 🤔
can you please make a video about international shipping and logistics? do you just use a 3rd party shipping company in usa for example? how do you know how much stock to send initially when first starting in a new country? do you ship it directly from the factory to the usa or do you ship it to your companies warehouse in the uk then repackage and ship again to the usa? thanks james you've helped me more than you can imagine
i have 3.2m subs over 4 channels with around 60% of them being based in the usa but i dont sell to any of them, only do referral links and affiliates with usa companies
Do you think Accountants make good business owners? I’m currently studying towards the ACA.
Definitely
Nice video with some good shared experiences. Just one thing Sir, your accent, are you from Alabama or Kentucky? [@i@[ ........
Just explored an informative video revealing a proven strategy on how to buy a business and where to find it. It's like a business roadmap, offering valuable insights for aspiring entrepreneurs seeking to make strategic acquisitions.
I would love to buy ‘Party Delights’ if you want to sell. 😊 (seller financed)
I don’t own Party Delights. I own Party Pieces.
Checked out an informative video shedding light on the effective strategy of acquiring a business while keeping the title confidential. The content comes across as a strategic session, delivering practical guidance on successfully navigating the process and pinpointing potential business opportunities.
Have you ever thought about becoming a tax resident in a country that is a tax haven? Just for the purposes of paying lower company tax and personal taxes as a whole? Love to know your thoughts on this topic...
I want to stay in the UK it’s where my people are and my friends and family. I do think the government should make SME business a core priority. I think if they support large companies well, they should we need them too.
But the zero to 100m revenue is not given enough attention… these are the next Dyson, JCB and more.
Individuals and companies are leaving to countries that are embracing business and fairer on turnover taxes as a result growing their economies.
I’ll use my voice to support the cause for entrepreneurship.
Ultimately if you make a profit, I believe paying into your countries infrastructure is a good thing, it really helps, what I hate is tax on turnover before you’ve made a profit ( business rates, VAT, IPT, duty etc etc ) . You just need to make sure government uses it’s money to improve the country and not waste it.
Are you looking at opportunities just in your area or nation wide?
it's the same strategy in France, as in Great Britain. The vendors credit is well know in France. my difficulty is that the seller accepts the vendors credit, because it is risky for the seller. He must be sure of the quality of the buyer. If the buyer is unable to repay, the seller loses all. I was also interested in companies worth more than 500,000 euros, but often the management was not sufficient, for the moment, I'm looking, maybe I'm too demanding
Yes exactly. it's easier having the credit James has, and the vast cashflow from all the properties and business.. this secures the seller. How can you go about securing a deal with no guarentees in place? It's a tough one?
Hi James, liked your video. But it's not for a novice or someone just trying to kick start business with limited funds. I'll be more interests of you've something for the aspirant entrepreneurs.
Cheers.
We are a channel designed for people already going, not really for start ups.
That said; check out my podcast channel, you might like this.
If I want to finance a business buyout with a loan, I must provide at least 20% of the sale price of the company
How would you go about doing this if you don’t already own a business?
Funny you should say that. Watch this video.
£0 to 1 Million - How I Would Do It If I Started Again
czcams.com/video/6xhoNyvF7-8/video.html
Have you ever gone into an existing business with external partners - or do you prefer to bring everything into your own circle?
What would you consider a good deal when buying a business? Typically, how many x profit multiple are you happy with when buying a business?
All depends on the deal.
2:02 2:02 2:02 2:02 2:02
Good video but a few discrepancies.
Just to clarify for the newbies.
Yes you can buy a business with little to no money down. I have also done this.
You don’t have to provide a PG, a charge over the business or parent company should be fine.
James has a video with another infamous business buyer who bought 71 businesses in the space of 2 years then that company went bust!
So be careful & do your research before just jumping into it
Yes they did go bust and I was very clear in the video when interviewed that I wasn’t endorsing it.
You must do research before doing any business.
Who went bust?
Who went bust?
With all the company's you own. Do you have a holding company on top of them? For tax purposes really anyone would have a holding company so you can spilt profits, losses within the different businesses?
Nope, it’s difficult to do that for me because if you have one holding company you can’t split off companies to different banks for funding.
If I had one holding company, I would have to give this holding company to a bank as a charge for funding which would restrict me from using another bank for other funding purposes.
You can still divide me between companies tax free and or raise management charges.
Hope that makes sense.
@JamesSinclairEntrepreneur Would this be using company loans with each other? I see that is what a lot of business owners do, but then you have to write it off at some point or pay it back, don't you? And when you sell the company, it'll have the loan attached to it as well if not paid off.
With everything you are doing u would have thought a storage and distribution company woul fit in with your business
Spoke to you a lot back on Li James - was always baffled that you don't have 1,000,000 subscribers as you only put out the good stuff - Chudders & Momma Chudders are also acquaintances. :-) I honestly think you just don't jam it down the "viewers" necks quite enough - you are too modest - this "Uptick" in the image is good. Jam it down their necks - more might pay heed to the absolute sense you share.
The YT game is bent - your stuff gets buried. No idea why, but it does.
Who is gonna sell this kind of business?
James, I really like your channel but for the love of God, it's "Did" NOT "Done". I can't get past this. Please take this onboard as there are plenty of other channels that talk through this business philosophy and approach. Otherwise, love the channel!
I don’t understand?
Thank you! Always learn a great deal from you.
Hi James great content. U mentioned what would we like to see content creation. I personally would love to see some content on the time u wake up, to the moment u left the house to go to work and how u manage and plan out you’re day to manage the running of the business
Recently delved into an insightful video on how to buy a business, complete with a proven strategy and guidance on where to find lucrative opportunities. The content is like a business acquisition masterclass, providing viewers with actionable steps for success.
Just explored an informative video revealing a proven strategy on how to buy a business and where to find it. It's like a business roadmap, offering valuable insights for aspiring entrepreneurs seeking to make strategic acquisitions.