Brand Boost Podcast: Marketing, Video, Influence, Social Media, Strategy & News

144: The Ace Formula on How to Buy a Business

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Sinopse

Rescuing small businesses is all the rage on television. Whether its Jon Taffer with Bar Rescue, or Tabitha Coffey’s Salon Takeover. Despite the fact that none of them do it, these TV shows are fueling interest in a new trend. Move over Real Estate Flippers, Ace Chapman is building a nationwide group of business flippers. Ace bought his first business at 19 with some savings from a summer job and caught the business buying bug. He leveraged $3,000 he saved working the summer before college into buying a business for $70,000. Over the last 16 years he has bought 40 businesses. Everything ranging from a Mortgage Company to a Clothing Retailer. And right now he is seeing an explosion in the market for businesses under $2,000,000. “There are millions of Baby Boomer business owners who will bring their business to market in the next decade so they can retire. During the recession, many baby boomers wanted to sell their company but decided to hold off until better economic times.” At the same time many entrepreneur