I used to own 13 restaurants across NYC and TX. Sold everything for some huge eight figures in 2020. Had my funds diversified under a full service CFA. My portfolio returns six figures every quarter. Anyone of you going for FIRE(financial independence and retire early) make sure get help before taking steps. It feels good to be in control of your life having made the best investment decisions.
Good for you. The financial markets have been crazy. Never been the same since the pandemic. Many are currently selling off due to crash. But tbh I'm in need of a good investment plan currently, I have a lump sum of $800,000 in a savings account yielding next to nothing
@@theexpendables3152 Highly diversified portfolio using trade signals from my investment advisor Susan Lynn Hoyt a US registered CFA who you might have seen in the CNBC news and tbh it's been a huge relief. Good earnings and little to no engagement at all on my part. My aggressive portfolio returned almost $300k in Q4 2021.
@@mattgallagher9940 cool but I'd love to start moderate and maybe advance to aggressive. Do you just give her your money or copy manually? And what does Susan Hoyt charge for her services?
@@theexpendables3152 You don't give out funds here. My account only mirrors her trades in real time that's the ideal for this system. The lady I just recommended is a renowned advisor and knows what the heck she's doing. Check her out and get in touch if you'd need help.
Just last year I would have said "I'm never selling." As time goes on and my life goals become clearer it's apparent to me, eventually I will sell. Likely within the next 10 years. Why? So I can move on to phase 2 of my life plan. There's so much to be done. Thanks for making this one I'm sure it will help me plenty in the future. As for raising capital I forgot all about that video, I'll be watching it a little later, but for now it's time for my post gym shower and a quick nap. 1 hour of learning to code then... 🤘🏽IT'S FINALLY METALLICA DAY!🤘🏽 Stay Passionate!
content marketing... that PDF that he talked about in the beginning is a "lead magnet", he then works on those leads to sell his product (increased revenue)... education causes him to be trusted and an authority. You're welcome for the valuable knowledge.
I am in the process of selling right now. I received an offer letter last week and will begin negotiating this upcoming week. My take away is that every emotion that I'm feeling isn't unique - everyone goes through them. Glad to know I'm not alone. Thank you for the video.
For me it worked well as a check list. For example can't set my timeline until Increase of value and Have a good story for buyer are completed. Very helpful video.
Omg your channel's growing so fast! I started watching these 1, 2 months ago, it was like 1.57M? now its 1.61M! wait let me refresh maybe its more now llol Nice! So happy for you, this honest and useful content deserves it... so genuine. I have learnt so much... I cant believe it... Thank you from me and all the 1.61M
It amazes me how someone can do a Kiki challenge video and get to 3 million views in one day, and a channel was so much information like this one we cannot get to a million, Pat maybe you or Mario should do a Kiki challenge video on the Rolls, I also think it'll be awesome if you did take some live calls or answer some questions from the fans, I know I have two questions it will be life-changing for me if they got an answer from a person with your caliber, maybe we can call it "Ask it with Patrick"
Thank you Pat. , the best. I'm a small business owner (trucking). I've been looking for advice on how to best present my small business to a seller and I must say even though you're mainly talking about big business in this video, I feel much more comfortable selling my business now with this knowledge you've dropped on us here today. Thank you so much, You are the best thing on the internet today!
People buy from people they know. And something else I've learned in all of the years I've ruined different businesses is that we (people) are cry babies and don't just want VALUE, we want every single aspect of the thing that we buy (may that be service or goods) to be perfect and full of all extras and options, and since getting a credit is not even a super hard thing to get anymore, we don't even care how much it costs. So if you want to increase your business' value, pay attention to the details and stuff it with quality options everyone can enjoy!
Great advice like always pat, you have helped me in growing my business my channel and my net worth since I been watching you . 1 million subs coming soon !
1. Determine why are you selling 2. Meet with an M&E banker or broker 3. Set timeline expectations 4. Know your exit strategy options 5. Define your buyer 6. Before going on the market , what can you do to increase the value of the 7. Call your lawyer and get all your contracts in one place 8. Make it a good story for a buyer to make an offer 9. Fire your small CPA’s and hire a team with a regional office 10. Negotiation process 11. Companies are bought in different ways 12. Understand the Closing process
How would you suggest forming a parent company or holdings company for various ventures you want to get into in the future? Do you start these other businesses under your parent/holdings company? Yourself?
Very Valuable content i was trying to know about this and here is a video which explains everything and this video has the best motion graphics as well, thumbs up for post production team....
Pat, I have an advice for you. Kindly speak the Points aloud. This advantages the listeners who just have the AirPods and Running, Jumping and doing other stuff.
This is fantastic the only thing that mind boggles me is the money like is it literally a billion in the account or is just figures? I always find that confusing where is the money coming from lol.
I sold to a company and I ended up with shares in a private equity company from the sale. I cannot sell the shares until they do a flip to another pe company or they could go public. I could make a fortune, I don’t know. Only time will tell!
When you talked about what kinds of offers should you expect... could you teach us more on how to make sure you are not underselling ? like your ask would be the sweet spot where the buyer would not turn off and they would also go high? I have ALWAYS had this question for everything... How to determine the price that maximizes profit without losing the customer, or customers.
Honestly my business is small and i’m not dealing with checks of tens of millions and because of that i was the kind of guy that wants to do everything by himself. My biggest takeway is HIRE PROFESSIONALS TO HELP! Thanks Pat, the whole video is pure gold!
Many business owners need to realize that it's never too early to consider your "exit strategy". The earlier the better as you can focus on growth and maximize your sale amount! #exitplanning
PAT ! I am not that far yet ! Need to know what to look for when assemblin the ideal Core Team, what to look for in personality traits etcetc. Would love to hear my question answered from you in a Tuesday video !! LETS GET TO 1 MILLION SUBS !! #patrickbetdavid #valuetainment #notificationsquad @patrickbetdavid @valuetainment
i just want to give a round of applause to the editors of these videos, hope everyone appreciates you as l do because your illustrations are on point and excellent graphics thanks @marion @patrick and the other guys l don't know by names #cheers
I would like to know your opinion also about the employees and how to deal with the culture and feel of the business. It does happen quite often that actually the business goes down after the sale and people leave because of the new hierarchy or attitude. For example my business is very personal and based on close relationship with the client. So my future employees will have to be very carefully selected in order to give the same personal service as I give. Obviously I am very small business, so I am trying to put in the systems in so I can be replaced or not be always present, but I see it a lot with the bigger companies.
In your situation, selling your business to your apprentice(s) can ensure your clients get the same quality service while you peacefully exit the business.
But how would you sell your trucking business for like 5k... if it's just the company name and DOT number included and all the brokers signed up with it.
Thank you this is really enlightening. I have a business called Soweto Graphics based in Johannesburg South Africa. I don't want to sell it but I do not have to own 100% of it either. I would appreciate some keen partners who will help us take it to the next level.
Hi Pat Thanks for sharing What should be the selling price of an restaurant running from last 20 years with sales of 300 thousand dollars annually Thanks in advance
Down and dirty, 5x net if there are no surprises | but you'd have to provide answers to a hundred more questions... call a local business broker, they may provide a free market analysis :)
Is $300k your EBITDA? The market tells you the multiplier to use ( maybe 5x, maybe not), look at other businesses like yours, restaurants, that sold in your market (or similar mkt characteristics) in the past year to extract a multiplier.
Firstly, I am more the thousandaire, not in the uber millionaire club. Same principles as in your presentation, just less zeroes at the end! So a few steps would be scaled down to size for a sale or purchase of a similar business.. No million dollar audit, just good books, and 5 years P&L etc. If a service business, the service agreements, such as alarm monitoring, maintenance of the equipment sold, leased equipment, inventory etc.... all need to be addressed Recurring revenue streams, patents, proprietary manufacturing or licensing need to be determined if they go with the company, or get split from the sale, and if a vendor/client relationship ensues between seller and buyer, or any third parties already involved with seller. I have had others want to sell their business in the same space I occupy. I toyed with the dynamics of this in the past, found that the primary benefit is eliminating a competitor that otherwise might try to overtake my position, as they are geographically close enough to expand. Do I hope they sell to someone who does not succeeed, or acquire their accounts, phones and solidify my base at considerable cost? Should I ever retire, or move to education in the industry, the above dynamics all apply, in reverse Please comment or point to a video you may have done for much smaller firms. Different challenges and limitations.
Get the PDF here: valuetainment.com/how-to-sell-your-business-for-millions/
I used to own 13 restaurants across NYC and TX. Sold everything for some huge eight figures in 2020. Had my funds diversified under a full service CFA. My portfolio returns six figures every quarter. Anyone of you going for FIRE(financial independence and retire early) make sure get help before taking steps. It feels good to be in control of your life having made the best investment decisions.
Good for you. The financial markets have been crazy. Never been the same since the pandemic. Many are currently selling off due to crash. But tbh I'm in need of a good investment plan currently, I have a lump sum of $800,000 in a savings account yielding next to nothing
@@theexpendables3152 Highly diversified portfolio using trade signals from my investment advisor Susan Lynn Hoyt a US registered CFA who you might have seen in the CNBC news and tbh it's been a huge relief. Good earnings and little to no engagement at all on my part. My aggressive portfolio returned almost $300k in Q4 2021.
@@mattgallagher9940 cool but I'd love to start moderate and maybe advance to aggressive. Do you just give her your money or copy manually? And what does Susan Hoyt charge for her services?
@@theexpendables3152 You don't give out funds here. My account only mirrors her trades in real time that's the ideal for this system. The lady I just recommended is a renowned advisor and knows what the heck she's doing. Check her out and get in touch if you'd need help.
Just found her official website I'll get in touch. Thank you
Awesome content as usual, the amount of value from this channel is astounding, this is like business school but free.
That’s the idea.
Hey Lester I see you follow Pat...are you a part of PHP?
Just last year I would have said "I'm never selling." As time goes on and my life goals become clearer it's apparent to me, eventually I will sell. Likely within the next 10 years. Why? So I can move on to phase 2 of my life plan. There's so much to be done.
Thanks for making this one I'm sure it will help me plenty in the future.
As for raising capital I forgot all about that video, I'll be watching it a little later, but for now it's time for my post gym shower and a quick nap. 1 hour of learning to code then...
🤘🏽IT'S FINALLY METALLICA DAY!🤘🏽
Stay Passionate!
I’m not at a level to sell my business but this is extremely valuable information. Plus I love your graphics
Who is actually in the process of selling. What’s your biggest takeaway from this video? PBD
Could I request your email??
I need a serious conversation with you.
Bro i love you...just wanted to ask few things, has CZcams helped in increasing your income? if yes, how?
content marketing... that PDF that he talked about in the beginning is a "lead magnet", he then works on those leads to sell his product (increased revenue)... education causes him to be trusted and an authority.
You're welcome for the valuable knowledge.
I am in the process of selling right now. I received an offer letter last week and will begin negotiating this upcoming week. My take away is that every emotion that I'm feeling isn't unique - everyone goes through them. Glad to know I'm not alone. Thank you for the video.
For me it worked well as a check list. For example can't set my timeline until Increase of value and Have a good story for buyer are completed. Very helpful video.
Share your thoughts with Patrick Bet-David by texting 310.340.1132 or click here my.community.com/patrickbetdavid
This is Crazy!! It's insane how much knowledge you have. Thank you. For sharing this!
Very good video!
Omg your channel's growing so fast! I started watching these 1, 2 months ago, it was like 1.57M? now its 1.61M! wait let me refresh maybe its more now llol
Nice! So happy for you, this honest and useful content deserves it... so genuine. I have learnt so much... I cant believe it...
Thank you from me and all the 1.61M
It amazes me how someone can do a Kiki challenge video and get to 3 million views in one day, and a channel was so much information like this one we cannot get to a million, Pat maybe you or Mario should do a Kiki challenge video on the Rolls, I also think it'll be awesome if you did take some live calls or answer some questions from the fans, I know I have two questions it will be life-changing for me if they got an answer from a person with your caliber, maybe we can call it "Ask it with Patrick"
😂👊🏼
People are more interested in being entertained rather then making money.
d. woods i remember Pat saying that in one of his videos.
@@mrdarriuswoods That's why the one percent exist.
Hey Luis great comment ...I see you follow Pat are you apart of PHP?
I salute that it is important to be happy and to be happy in every life.
❤
Stil watching the video. Btw, nice book you have Pat. I read it in one sit and i think many more people here would need to read it aswell. 👊
🙏👊🏼
Thank you Pat. , the best. I'm a small business owner (trucking). I've been looking for advice on how to best present my small business to a seller and I must say even though you're mainly talking about big business in this video, I feel much more comfortable selling my business now with this knowledge you've dropped on us here today. Thank you so much, You are the best thing on the internet today!
Hello, I am certified business broker and I can help you get top dollar for your business. Contact me for details bingram@vestedbb.com
Did you sell the business?
better than my classes in harvard business school, they're babies compared to Patrick
Boss baby
People buy from people they know. And something else I've learned in all of the years I've ruined different businesses is that we (people) are cry babies and don't just want VALUE, we want every single aspect of the thing that we buy (may that be service or goods) to be perfect and full of all extras and options, and since getting a credit is not even a super hard thing to get anymore, we don't even care how much it costs. So if you want to increase your business' value, pay attention to the details and stuff it with quality options everyone can enjoy!
First timer. Visually nice, love your back ground with you skin tone! Love the energy, good content too. Subscribed!
Wow, I just got schooled. Wasn't expecting that. This was good content that was delivered in a very efficient fashion.
Man best video i've seen so far. Great break down and love love love how he just took a very complicated process so simply to understand. 5 stars sir!
How long does the whole sale process of a business take, from the decision to sell to the close?
Josef it can take as little as 3 weeks with me. Contact me if you interested!
Great advice like always pat, you have helped me in growing my business my channel and my net worth since I been watching you . 1 million subs coming soon !
So you're saying cookin the books like Wall St isn't the way to go?
Terrible idea.
Haha I was only joking mate! We love your channel in Australia ;)
Loved the clarity Loved the energy
PAT you are a tiger
I’ll take it although I prefer 🦁
Great 👍 content Patrick 🏆 as always 👏 What about the process after you sell 💰 the business 💸 taxes 💵 life after 🚶 and people 👨👩👦👦 etc.
Thank you for this video. I'm actually in the process of selling my company and we are in the due dilagence period.
amazing
👊🏼
I have to watch this guy for school and now I watch him on my free time :)
Do you guys have a video of valuation ? Biz doc said he was gonna teach a class on it...thanks for your response.
powerful , thanks pat.
1. Determine why are you selling
2. Meet with an M&E banker or broker
3. Set timeline expectations
4. Know your exit strategy options
5. Define your buyer
6. Before going on the market , what can you do to increase the value of the
7. Call your lawyer and get all your contracts in one place
8. Make it a good story for a buyer to make an offer
9. Fire your small CPA’s and hire a team with a regional office
10. Negotiation process
11. Companies are bought in different ways
12. Understand the Closing process
Hi Patrick, i just came across this video, can yoi make another video of what its like to sell to private equity
Wow, 888k subscribers already! I bet it will be 1 million by end of 2018. Best CZcams channel for entrepreneurs and finances
Wow good work
How would you suggest forming a parent company or holdings company for various ventures you want to get into in the future? Do you start these other businesses under your parent/holdings company? Yourself?
You open your eyes so so big, !!!
I LOVE YOU GUYS ALOT!!!!!!
Likewise
@@VALUETAINMENT, alot more, sir.
@@saarthakpanda9143 i love your husband. (In a intelectual way only).
@@AndreAndFriends okay, what?
@@saarthakpanda9143 i thought your husband was Dinesh? Dinesh D'souza? I love his work.
hey pat can u make a video on how to be creative like an entrepreneur and not logical like an employee. ..
Very Valuable content i was trying to know about this and here is a video which explains everything and this video has the best motion graphics as well, thumbs up for post production team....
Great points, Patrick. You have the business sale process down pat.
Great content. I got lots of value from this.
I love this channel! Great work patrick.
Pat, I have an advice for you. Kindly speak the Points aloud. This advantages the listeners who just have the AirPods and Running, Jumping and doing other stuff.
I don’t even have business yet, but I watch this and plan on building a business to sell ... 😂
Valuetainment MADE ME
This is fantastic the only thing that mind boggles me is the money like is it literally a billion in the account or is just figures? I always find that confusing where is the money coming from lol.
Thank you for the great topic.
I sold to a company and I ended up with shares in a private equity company from the sale.
I cannot sell the shares until they do a flip to another pe company or they could go public. I could make a fortune, I don’t know. Only time will tell!
Great info here as always
Your channel name certainly matches your content, keep em coming!
When you talked about what kinds of offers should you expect...
could you teach us more on how to make sure you are not underselling ? like your ask would be the sweet spot where the buyer would not turn off and they would also go high?
I have ALWAYS had this question for everything...
How to determine the price that maximizes profit without losing the customer, or customers.
Exactly what i need right now as i'm planning to sell mine
Perfect. What’s your biggest takeaway?
Following.
Honestly my business is small and i’m not dealing with checks of tens of millions and because of that i was the kind of guy that wants to do everything by himself. My biggest takeway is HIRE PROFESSIONALS TO HELP!
Thanks Pat, the whole video is pure gold!
Hey Vinicius I see you follow Pat are you apart of PHP?
Did you get 12x revenue 😂
Such great points! Thanks for sharing!
#NOTIFICATIONSQUAD!!🖐🏻🖖🏻🤘🏻
Any update on Sonny franzese sit down with Michael franzese?
Many business owners need to realize that it's never too early to consider your "exit strategy". The earlier the better as you can focus on growth and maximize your sale amount! #exitplanning
Omg. I'm shook.. You are genius 🌈
It is really confusing I have one question Mr Patrick you were in military then how did you learn about business and management all that stuff from
Amazing content brother!
Excellent video, you are a beast.
Great video. Im not selling but needing to invest in growth, some shares will do !
Valuable content per usual but most importantly where can i get that collarless polo t PBD?
PAT ! I am not that far yet !
Need to know what to look for when assemblin the ideal Core Team, what to look for in personality traits etcetc.
Would love to hear my question answered from you in a Tuesday video !!
LETS GET TO 1 MILLION SUBS !!
#patrickbetdavid #valuetainment #notificationsquad @patrickbetdavid @valuetainment
Do interview with Dave Ramsey
Joe Rogan
Thanks Pat took some great notes! This is like my accounting class and business law class
Insightful🙃👍🏽👏🏽👏🏽👏🏽🙏🏽
Just subscribed Pat good stuff. I’m a veteran and need your help starting a business.
Which software u use for editing ur Videos?
Very rich content. When do you get to interview Dan Lok?
#NOTIFICATIONSQUAD!!!!🖐🏻🖖🏻🤘🏻🖐🏻🖖🏻🤘🏻
👊🏼
Another great video 😘😘😘😘😘
👊🏼
good to know, but I'd like to keep it for now haha. thanks pat
how did you do it can you share with me , thank you
Love the vid if I was selling a company, hate it if I was buying a company, because the less the seller knows.....the better
I failed to get past the next goal!
Seems a lot of people want to stop me! If new owner is able to get past that, they will build a great company!
awesome . very informativ
i just want to give a round of applause to the editors of these videos, hope everyone appreciates you as l do because your illustrations are on point and excellent graphics thanks @marion @patrick and the other guys l don't know by names #cheers
true ..true pure gold
Awesome pat. Content level 1000000000000....😎👌👌🙏🙏👍👍
@cruficious
👍🏼👊🏼
I would like to know your opinion also about the employees and how to deal with the culture and feel of the business. It does happen quite often that actually the business goes down after the sale and people leave because of the new hierarchy or attitude. For example my business is very personal and based on close relationship with the client. So my future employees will have to be very carefully selected in order to give the same personal service as I give. Obviously I am very small business, so I am trying to put in the systems in so I can be replaced or not be always present, but I see it a lot with the bigger companies.
In your situation, selling your business to your apprentice(s) can ensure your clients get the same quality service while you peacefully exit the business.
What are you wearing in your wrist? I'm really curious! Btw content is great!
But how would you sell your trucking business for like 5k... if it's just the company name and DOT number included and all the brokers signed up with it.
How do you become an M & A broker?
Can the timeline expectation be as soon as possible?... Lets say in a couple of months.
Hey What bank do yall recommend for Enterpreneurs that wont fuck your money up🙂
I personally only would make a business to make money so I can pursue my real passion of singing and performing and spending time with my husband.
Thank you this is really enlightening. I have a business called Soweto Graphics based in Johannesburg South Africa. I don't want to sell it but I do not have to own 100% of it either. I would appreciate some keen partners who will help us take it to the next level.
hello i made it before 200
👊🏼
I felt like I was in a Rollercoaster this ENTIRE video😆 🤑👏🏽
Speaking well.
Does buying your business also mean buying your stock shares?
good video dude
I have business for emergency sell today.
Hi Pat
Thanks for sharing
What should be the selling price of an restaurant running from last 20 years with sales of 300 thousand dollars annually
Thanks in advance
Down and dirty, 5x net if there are no surprises | but you'd have to provide answers to a hundred more questions... call a local business broker, they may provide a free market analysis :)
Did you sell?
Is $300k your EBITDA? The market tells you the multiplier to use ( maybe 5x, maybe not), look at other businesses like yours, restaurants, that sold in your market (or similar mkt characteristics) in the past year to extract a multiplier.
Firstly, I am more the thousandaire, not in the uber millionaire club. Same principles as in your presentation, just less zeroes at the end! So a few steps would be scaled down to size for a sale or purchase of a similar business.. No million dollar audit, just good books, and 5 years P&L etc.
If a service business, the service agreements, such as alarm monitoring, maintenance of the equipment sold, leased equipment, inventory etc.... all need to be addressed
Recurring revenue streams, patents, proprietary manufacturing or licensing need to be determined if they go with the company, or get split from the sale, and if a vendor/client relationship ensues between seller and buyer, or any third parties already involved with seller.
I have had others want to sell their business in the same space I occupy. I toyed with the dynamics of this in the past, found that the primary benefit is eliminating a competitor that otherwise might try to overtake my position, as they are geographically close enough to expand. Do I hope they sell to someone who does not succeeed, or acquire their accounts, phones and solidify my base at considerable cost?
Should I ever retire, or move to education in the industry, the above dynamics all apply, in reverse
Please comment or point to a video you may have done for much smaller firms. Different challenges and limitations.
No one who did 92 million or 1.2 billion ever came here for advice.
Interesting
HOW DO I SELL MY BUSINESS?
Edits get me everytime
Subscribed because of the INSANE amount of value provided by this channel.
How does your company keep an insight into who thinks what and how various areas are growing inside the company?