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I was reading this book about buying businesses from folks looking to retire because you often don’t need the biggest capital. You can buy on debt (you pay owner over X amount of years)…. And actually met someone on my flight that bought his business from someone who wanted a retirement pension, and then the guy turned it into a 60M company before retiring himself. He said he knew the owner through networking but it for me thinking… Are there legitimate websites where people are listing their biz? Is that a thing?
I'm actively on the hunt to buy a small business and have heard that buying from someone retiring is the best way to go. I've been checking bizbuysell, and other sites, daily.
Has anyone here successfully purchased a company from someone retiring, and if so -- how did you find them??
I've been saving up money for a while and am wanting to have my own business, and I've been trying to find a good starting business to buy and maintain, but it seems to be really hard to find one where the owner wants to sell it. It seems that due to high inflation and such right now, people might be more willing to sell, but I'm not sure where to even start looking, or who to talk to for details.
Thank you for any information on the matter
I want to buy a boomer out of their successful biz and let them enjoy the good life.