Thread by @Codie_Sanchez

I’ve sourced & bought dozens of small businesses. They do $100M+ in revenue.

Most common question I'm asked is:

Where do you find biz's to buy?

Here’s a quick guide:

There are loads of online marketplaces for buying businesses:

• Flippa
• BizQuest
• Bizbuysell
• Acquire .com
• BusinessForSale

Just to name a few.

I love this method, I’ve used it.

Online marketplaces are approachable.

There’s something enticing about browsing a site and striking gold…

But honestly, my most profitable businesses have been found off-market.

Which brings me to my second most-asked question:

Where do you find OFF-MARKET businesses to buy?

Off-market deals come down to some combination of:

• Knowing the owner
• Getting a warm intro
• Doing so many cold calls you get frostbite

There are plenty of old tricks to get off-market leads:

• Spend time where SMB owners (think retirees) might be - meet them

• Utilize SMB resources - libraries, chamber of commerce, SBA offices

• Visit local biz's - find on google

• Scrape data - from yelp, google, etc

At my level, I have analysts who do the bulk of my deal scouting.

It is NOT a fast process.

Getting data for decent leads is time-consuming (& at times soul-crushing)

SO…

I bought a business that solves the problem.

It’s called Bizscout (→ bizscout.io)

• You tell them your zip code and the type of business you want to buy

• They give you a list of solid leads to reach out to with all available data

Annual subscription = unlimited requests for 1,500+ types of biz's.

It's a no-brainer.

Just 1 successful deal sourced from Bizscout = 10,000%+ return

Scared of a cold off-market search?

You’d be surprised how many owners haven't thought to sell..

Until someone asks them.

Off-market deals are everywhere.

Follow me @Codie_Sanchez for more on biz buying & investing.

And if you found this info helpful, feel free to RT to help others find it:

https://twitter.com/Codie_Sanchez/status/1661364936038072325

Don't sign up for Bizscout just to stare at a blank search box.

Here are a few of my favorite types of businesses to get your search started.

(And by "a few," I mean 130+):
contrarian-thinking.ck.page/130-boring-biz