Thread by @JordanPEvans

I gave GPT-4 a prompt to help me identify a biz to buy for the right price and right terms

Using AI as an expert M/A advisor in SMB business acquisition

Can AI be a cheat code to buy a biz?

Follow along 👀
#AcquireSMBGPT
#SMBtwit

We've identified a few industries to target our SMB acquisition search

Asked to identify what service industries are growing, fragmented, and have repeating revenues or clients

Let's dig in on Home Health Care Services further

Help me identify a profitable niche that does not require a special license to operate?

Let's get focused here

Asked "Where do I find a non-medical home care business to buy? "

-Work with a good broker @ClintFiore
-Use online marketplaces @buyandsellabiz or @AxialCo
-Join target Industry Association and attend tradeshow

I want to put my best foot forward in my business search

Asked AcquireSMBGPT to help me with my outreach to brokers and business sellers

Ready for email outreach with this beautiful template

I found a non-medical home health care services business I'd like to evaluate.

How do I review this business opportunity and put a price on it?

I have signed an NDA and received information from the broker.

How do I compare this biz to the rest of the industry?

Can AcquireSMBGPT help me benchmark performance to know if I have the right biz?

Tell me about Gross Margin, Net Margin, and Revenue per Employee?

The business does $500k in EBITDA for the past three years.

I like that this deal is a stable and profitable company.

What's a fair price for this business?

Can AI give me a business valuation?

Can we make a deal?

The seller wants $3million and I can offer $2.5million

It's a good business and the seller and I have chemistry.

What do we do?

We may have found a solution!

Seller will finance 20% of the deal if purchase price is $2.7million.

We have 15% equity to bring to the table.

AcquireSMBGPT how do we structure this?

We're on a roll!

What risks do I need to consider and mitigate?

Do I need a real life attorney to work through this stage or is AI my new best machine attorney friend?
@SMB_Attorney @KHendersonCo @Sam_Rosati

Glad I asked!

There could be 1 or 2 key employees that are critical to keep

Let's get paranoid. What other deal terms should we consider to make this deal less risky?

Looks like I need to talk to @LisaGForrest @EndresenHeather

#AcquireSMBGPT recommended various financing options for this deal but can't make specific recommendations

Good thing I know about the SBA 7A program to finance a deal like this

Can AI help us get this under contract?

Let's get a Letter of Intent drafted

Great news! We have an accepted LOI!

AI for the hypothetical deal win!

My conclusion: AI is definitely a super cheat code in SMB acquisition

This is a team sport tho

I've done 4 acquisitions in past 5 yrs becuz of the right people on my team

AcquireSMBGPT has earned a spot on my team and gonna save me time and $ on the next deal

If you want to acquire a business

Jump in #SMBtwit to learn from other awesome owners, operators, and investors

@bentigg @chrisxmunn @CTW_SMB @RegZeller @WilsonCompanies @kelceylehrich @girdley @sweatystartup @HoldCoConf @JoeCassandra @KevinWSwensonJr @realrookieceo