Well, I can tell you I talk to people all day long all over America and you’re the first person who’s told me of this kind of experience. I see you’re in Houston, I have several buying clients in your city who’ve been dealing with brokers and none have been asked for money before an accepted offer. I’d love to know more about the types and sizes of businesses you’re inquiring on, could you connect with me at dbarnett (at) alpatlantic.com

Thanks Victor. Please help out by leaving a review on Amazon after you read it. It helps a lot.

You're very welcome!

Good to have you on board Javier.

What happened? do you mind sharing?

Yes they should. A 10-K is an SEC document. I wouldn't expect many small businesses to have this.

Normally, the seller has a commission agreement with the seller before the business is ever advertised for sale.

Thanks Molten, I'm glad I could help.

Yes, that's what I do all day long. Just call or email me. My contact details are at the blog site www.DavidCBarnett.com Cheers.

Did you buy the business? How did it go? Would like to learn from your experience as well as I am thinking about doing the same in FL.

Yeah did you buy the business? how is it going so far. Would love some insight from your experience. How much did you pay for it? was it a cash purchase or SBA loan. If SBA, what % down did you put? Were the finances of the business after you took over, in line with what was shown during due diligence? Are you an absentee owner or balls deep running the business on a daily basis? Any of these questions you answer will be much appreciated. Thanks.

Thanks Jean. Don't forget to like and share videos you enjoy. It helps others to find them. And you may enjoy my email list. I send things out all the time www.DavidCBarnettList.com Cheers

Thanks Silver. Don't miss any new videos by signing up to my email list at www.DavidCBarnettList.com

It all depends on whether you set up the systems to properly train those employees. Some suppliers will even order for you and stock your shelves in some cases.

Thanks Sp!

There are definitely some brokerages that are focused on online businesses. Check out the Buying Online Businesses podcast with Jared Krause to learn about some of these.

Thanks Johnathan, keep the questions coming.

No, you don't need a broker. It's not like real estate. You find a business for sale and then use a team of people to help you analyze it. Lawyer, accountant, or other business advisors like me. I keep getting this question though so I'm adding it to the list.

Right! have you seen this video?: kzfaq.info/get/bejne/Y9h0etKk293Up5s.html

He once invited me to be an affiliate to help him sell his program in exchange for a commission. I asked for access to his program and went in to see what it was all about. I declined to become his affiliate after seeing what he was teaching.

@@DavidCBarnett Thank you for the info. I was quoted $128,000 to join his program and already decided not to do it, but your insight helps.

It's because he's likely a business broker or real estate agent and finra is for stock brokers. Try checking the state or provincial real estate licensing body to see if he's listed, if he's not, then you need to find out if there is any licensing requirement in your jurisdiction for business brokers. Some places have none.

Tell your friends.

I really make them based on stuff people send in. Comment with some requests and we'll see what I can do.

Thanks Ronald!

Hi if you would like to buy a business you can visit www.BusinessBuyerAdvantage.com or you can Book a call with me at www.CallDavidBarnett.com

I'd want to make sure it had recovered from the pandemic first, otherwise you'll need cash to finance losses over and above your investment to buy it. Financing may also be a problem right now.

Yes, keep saving until you have three months of living expenses. Then start a new, separate savings account and build it up to several tens of thousands of dollars or get some partners who believe in you enough to put down real cash. Buying a business when you're barely over broke is not realistic.

No. This channel is an advertising medium for my business. If I could not make a living doing this, there would be no videos as I’d be busy selling beanie babies on eBay or something. There are few views because relatively few people are interested in the topic AND because the channel is not monetized, there is no incentive for click farm fraud to inflate the statistics.

R u kidding? There are tons of people interested in the topic. try this experiment for 6 months.......make great videos filled with great content and at the END of the video say "if you would like to see the products and services that I have to offer then click the link below.....have a great day!" @@DavidCBarnett

Someone hasn’t figured out how to use the fast forward button