Best Businesses to Buy in 2024

[@LeoLandaverde]

Need mentorship to buy a business in 6 months? See if you qualify for my BUSINESS ACQUISITION MASTERY PROGRAM: qualify.businessacquisitionmastery.com/application286533 Download my popular CASH FLOW CALCULATOR FOR BUSINESS PURCHASE TOOL: calculator.businessacquisitionmastery.com/optin Download my helpful BUYER DUE DILIGENCE CHECKLIST: checklist.businessacquisitionmastery.com/optin458884

[@rethinkyourself1]

The BEST video on this topic by far. Very well done. I will be calling you 👍🏼

[@LeoLandaverde]

Please email me your contact information to [e-mail] and let’s chat

[@samandaury]

Can you be more specific on what business? I'm in the restaurant business and would love to expand my portfolio with other investments, preferably semi passive and

[@LeoLandaverde]

I talked about five types of businesses about 15 minutes into the video. Did you watch the whole thing?

[@mikeg4421]

No ones going to hand you your investments on a platter @samandaury. Do your own research pal.

[@kalaniking4517]

HVAC/refrigeration, plumbing, roofing, electrician, and home restoration & remediation

[@LeoLandaverde]

Yes! Absolutely.

[@kalaniking4517]

I would add accounting, distribution & manufacturing businesses doing $1M-$3M EBITDA

[@LeoLandaverde]

I love accounting!

[@Zee-yh4ow]

I'm looking to buy an absentee business I can own remotely. Met with one at home health care franchise that has a passive model but I'm open to ideas. That franchise is 130k and 6 percent royalty fee

[@LeoLandaverde]

How soon are you looking to buy? Do you have at least 10% to put as equity injection? Will this be an SBA loan?

[@Ar-jm3os]

Hi! If one is buying an old business is it better to create a new entity to avoid any potential hidden debt legal liability or other issues old entity has that may not be discovered during due diligence?

[@LeoLandaverde]

Absolutely. I would never recommend that you do a stock purchase rather, I want my students to do asset purchases to avoid any hidden liabilities from the legal entity from the seller so you are on the right track. What types of business are you looking at?

[@Ar-jm3os]

@@LeoLandaverde thank you! I'm searching for older resort type of businesses . Retiring owners. I'm just worried that in old customers eyes the business may loose it's appeal if they see a new name on invoices

[@LeoLandaverde]

That will never happen if you said things are right

[@Ar-jm3os]

@@LeoLandaverde sorry not sure if I understand:) my feeling is that if there's a new entity we'd have to reapply for licenses certificates etc And there may be a disruption in service so the grey Area is how to keep existing customers feeling good about this and not leaving after they realize it's a new company and new owner

[@LeoLandaverde]

You will never be able to hide the fact of changing ownership. Whether you do a stock purchase or an asset purchase customers will know there is new ownership, but what I advise my students to have the current owners stay on board for six months to a year to assist in the transition.

[@jonfrancobarretto3314]

Hi, Leo. I love and appreciate your videos. Thank you for making them! I do have a question - How do you determine how much taxes will be taken away from the SDE when you look at a P&L statement? Let’s say you buy an entity through an LLC, I am just trying to figure out how much money you will be left with after expenses like paying an operator and then taxes on the income of the business.

[@LeoLandaverde]

Hey Jon, Legal entities don’t pay taxes, unless they are C-corporations. Most businesses are either an LLC, or S-corps, which means that they pay no taxes; the taxes are passed to the ownership. The matter of taxation is a bit more complicated to figure out on pass-through entities.

[@jonfrancobarretto3314]

Thank you for the reply, Leo!

[@LeoLandaverde]

Glad I can help! Feel free to reach out to me anytime at [e-mail] if you want more of my help.

[@zion4453]

Hi Leo, thanks for the video!

[@LeoLandaverde]

My pleasure and happy to help. Are you in the market to buy a business right now?

[@zion4453]

@@LeoLandaverde yes , do you know about rent escalation? The landlord says like $100 yearly increase 3 year term. I m waiting for the lease form so I can review if there’s a way in the life of the lease I can renegotiate.

[@TheLenyEdit]

Hi leo, I have tried to download both sheet a couple of times and the link is not working once I submit it says the page no longer exisit

[@LeoLandaverde]

Thanks for letting me know. I’m gonna look into this today and I’ll get back to you. My apologies.

[@LeoLandaverde]

The links are now active!

[@rogerjohnson8488]

I am interested in more information

[@LeoLandaverde]

Roger, absolutely, we would be happy to send you some more information. Please email me your contact information to [e-mail] with a reference that you find me on KZbin.

[@chykeinvesting9429]

Hi Leo, just sent you an email, interested in working with you to buy a business, specifically I am also wondering how to get into this business if you do not have a license

[@LeoLandaverde]

Absolutely. I would love to help you. Let’s connect. Please have your contact information with a reference to this KZbin video. My email address is [e-mail].

[@lobsterstrange]

Do you think it's realistic to acquire a 600k businesses with no collateral through an SBA loan

[@LeoLandaverde]

Yes, and I did answer your other comment as well