£90k, £20k I’m confused. He said he agreed £90k and paid £20k and then said he did the negotiation incorrectly.

43 want to buy a bussiness have no idea where to begining

What’s the best legal structure to efficiently do it?

Business buying toolkit, dove si?

There’s no business buying toolkit link Jonathan?

Great video

what was the group turnover ?

Gem after gem from both you Jonathan and Tim. Thank you both. A memorable learning: a new deal maker is into positive thinking..a successful deal maker is into positive cashflow. Cant wait for the next one.

Absolutely not it has been drastically overvalued at £701000 per annum that means the business generates a net profit of £ 58500 per month completely unrealistic. Most businesses of this nature see about 5 & 15 weddings a month say 10 as the average and say they make 20% on each event of selling wedding dresses bridesmaids dresses etc for say about £ 10000 thats a net of £ 2500 per wedding × 10 is £ 25000 per month which is £ 300000 per annum based on these amounts ( industry specific) the business shoud net about £ 300000 per annum. So the business should realistically only sell for £ 900000 to £ 2million. I think the seller met a business broker who gave her unrealistic expectations great expectations 😂😂

This looks high quality but iffy edits with his head cut in half at points. I would like to see key info points highlighted on screen like you used to. I don't think it was necessary to be this long.

For someone without business experience, can this be done with the right education?

No

Which gate company did you use ?.

Overvalued. Does not add up and only 2 years old

Maybe equipment so you can get asset finance or an asset based loan, probably a debtor's book which can be used as collateral and maybe some deffered consideration so a deal could be structured Must have a complement of staff one of which could assume management role.

Jonathan is a genius 👍

I would pass...not enough profit etc.

Definitely not again the valuation is far to high, coffee shoppes usually sell for around £160000, with a net profit usually in £ 60000 area. This seller wants a multiple of 6× earnings subtract fixtures and fittings worth £ 20000 it still has a multiple of 5.5× earnings. I think the owner wants a fast exit and a once off big pay day

Overvalued- 10% net profit not really worth it may consider around 100k

Thanks Jonathan and team! This format was great for negotiations practice and dos and don’ts after going through your course material. Can’t wait to see the next one!

Great video. How do I find companies that are in distress?

I like the content and I like the format but it just does not look nice, picture quality and the lighting are horrible. The sound is bad too!

The new format provides some interesting insight...Patrick was brave for doing that! :)

i would like to bowl alley

Good video Jonathan 👍🏼 this deal and “impending sales” smells a lot to me ….this seller doesn’t give off good vibes ….in my humble opinion.

Amazing content, loved the candid chat and Q&A, plenty to takeaway. Just have one tiny critique, sometimes during the interview the speech didn't match the mouth. But it's just me being picky, anyway great video overall.

Much better when your videos get into numbers but lose the dodgy nightclub lighting! Would be great to do some follow ups on a few deals once they have concluded to see what happened.

This was very interesting. Great video

This is a really useful format! Keep them coming.

Absolutely fantastic new series, just what we need to get us going and give us more confidence in getting deals done. I've booked my 2nd round meeting with Caroline tomorrow, need that deal flow Thanks Jonathan and the team🎉, I can't wait to see more of these. Good luck!

great video

I like this new roast the deal stuff its great for learning. Only thing I wish you would add is put the numbers and key metrics and ratios of comdieration on the screen so we can following along

Love listening to and watching your content Jonathan. Please could you expand on who Tim is.

Great show. Thoroughly enjoyable - thank you

When I say take out an overdraft to give the owner a downpayment the rest would definitely have to be deffered.

No valuation to high the most I think he can ask for is £ 192000 with a multiple of 4 but realistically I don't think he can ask for more than £144000 that gives it a multiple of 3. Financing as Jonathan Jay say's no real assets so one would need to take out an overdraft to pay for it out of "so called profits" seems seller has dramatically overvalued this business.

Defiantly not.

Good point on years. Owner dependence would have been my red flag.

Hello, ALL..... the lawyers I have spoke with wants a retainer fee upfront. They are not willing to wait until deal closes, because they say what if deal do not close? Even though I know its mostly up to them to get that deal to close asap. What do I do? Also this will be my first deal 5 million USD

I would indeed, make an offer

How did he finance the buyout Jonathan? Did I miss that part or? 🤔

Very clear .. thank you

Good day, I am trying to acquire a manufacturing business for the first time. I have everything from the business I am trying to acquire. I have two LLCs. Neither one makes close to the revenue of the business I am interested in right now. I need money for a team. A Business Attorney, Manufacturing specialty CPA, Financial Advisor. I called around they need money upfront. However, I do know in deals like these they usually get their money when deals close. So, I need a business loan to get my team to make this deal happen. How do I do this? I know I can use the business financials I want to acquire. SBA wants to make sure you can pay them their money. That's all. They say they need this and that, but they need to make sure the business you want to buy can pay for what you are borrowing.

I probably would after checking out the P& l independently, leases, other assets, company house, etc due diligence of course. Maybe make a deal with no cash up front and part of the profit over 2 to 3 years. Owner has to be part of the running for 6 months at least.

Yyes❤❤❤❤❤❤❤😂❤❤❤❤😂😂😂😂🎉😂❤❤❤❤❤❤

I'm sure you have come across Dan Pena who teaches people how to buy business without any money. He states we need chairman, CFo, accountant, lawyers, industry experts and give them equity in the business. Is your teachings similar in that we should have a board set up when buying a business?

I'd buy. Well for the right price!

If he found it difficult to afford the course and the train fares, how did he afford the data and mail services? And, ever my question, how would he determine a business is worth buying, prior to getting an accountant involved, if he were in the same situation of finding it difficult to pay for things? Oh great! If buying a business is the easy part ...

Do you need to be experienced in running a business?

Thank you @Jonathan really enjoyed this short video with bags of wisdom 👌