How to Buy a Business with The Best Case Scenario!

[@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

[@nana32ish]

Will do. Thank you.

[@LeoLandaverde]

Awesome! Let me know if you have any questions on the workbook.

[@treymartinez7398]

As a inspiring first time business owner I'm considering buying a slot machine business what's your thought I can verify year income the business what would you advise me on how to secure a large business loan

[@trenagz]

Perfect time. I'm getting numbers together for a Letter of Intent. I'm sure I will have to watch this several times.

[@LeoLandaverde]

Perfect! You got this. I am here to help! Reach out if any questions.

[@bugdvr]

Great run through of understanding the high level of the process Leo. Thanks.

[@LeoLandaverde]

Glad it was helpful! What was your best takeaway?

[@1976sweep]

Thanks for the videos! i can't stop watching. ( Feasting)

[@LeoLandaverde]

I love it! Grateful that my videos are helping you hope you subscribed!

[@kingmed6061]

Good presentation👌🏿

[@LeoLandaverde]

Appreciate that!

[@oscarvasquez8155]

Very informative video. Recommended

[@LeoLandaverde]

Thanks and welcome! Just sent you an email. Let's chat on Monday!

[@patelfam2117]

Thank you for the information and the formula, very helpful.

[@LeoLandaverde]

My pleasure! Paresh, are you looking for businesses to buy right now?

[@DamienGoodman-g6f]

So beneficial!!

[@LeoLandaverde]

Thank you!

[@eguizar20]

Thank you Leo! I'm in the process of acquiring a business using an SBA loan. Very helpful information.

[@LeoLandaverde]

Thanks Eudoro! Glad the information was helpful. What type of business are you buying?

[@eguizar20]

@@LeoLandaverde It's a medical equipment manufacturing business. I'm having some troubles with the SBA loan approval although the loan officer said that I was not the problem but the business. Would you be interested in learning more about the situation and give me your opinion? I can send you an email and we can go from there.

[@LeoLandaverde]

Absolutely, I would like to learn more about the business and what’s going on with the loan. Please email me your contact information and the best phone number to reach you to [e-mail].

[@felixsanchez89]

Great content, thank you 🙏 Can someone use international real estate as collateral to apply for SBA 7(a) loan?

[@LeoLandaverde]

No you can't. Real Estate has to be US based.

[@ninamartin5666]

Excellent information, Leo - simplifying important elements of what lenders are looking for. Thank you for your channel!

[@LeoLandaverde]

This is great. Thank you Nina for the excellent feedback. 🙏 Anything in particular that is still out to you from the content?

[@tomhomola6949]

another excellent video - Thanks for information.

[@LeoLandaverde]

My pleasure! Glad you think so. 😊

[@anthonywrightnetwork357]

Great Video Leo, This video help me get a better look at what we need in place to purchase another business...

[@LeoLandaverde]

Glad you think so. Looking forward to working with you on your next business purchase. 🔥

[@ernestojuarez1888]

Awesome!

[@LeoLandaverde]

Glad you think so!

[@shahinhemmati]

Great information. Thank you

[@LeoLandaverde]

Glad it was helpful!

[@jethrowe312]

Thank you for the information.

[@LeoLandaverde]

Our pleasure! Thanks for tuning into my channel.

[@shaheedally1143]

Good information

[@LeoLandaverde]

Thanks Shaheed! Are you in the market to purchase a business?

[@hotelroyal334]

Great video Leo! 👍

[@LeoLandaverde]

Thank you so much! Much appreciated. 🙏

[@SimchaLaura]

Great stuff thanks

[@LeoLandaverde]

Glad you enjoyed it

[@LeoLandaverde]

Are you looking for businesses to buy?

[@nana32ish]

Thank you for going in depth.

[@LeoLandaverde]

Great to hear. Thank you so much for watching my video. Let me know if you have any specific questions about the content.

[@nana32ish]

How do i get a consultation with you?

[@LeoLandaverde]

Email your contact info to [e-mail] and let’s set up a time to chat

[@nana32ish]

@@LeoLandaverde I've sent you an email.

[@LeoLandaverde]

Hmm. I have not seen it come through. What is the subject line or name on the email?

[@openmind6239]

Can you do analysis of a real estate venture for example buying a motel

[@LeoLandaverde]

I will consider a video like this in the near future. Thanks for suggesting.

[@Overlandingwithtanaka]

Hi mate , I have a house worth $1.1million currently its got $250k in equity to spend .Am planning on purchasing either a Charcoal Chicken business or butcher which are making $25k to $30k revenue and $5k to $7k a week net profit after expenses .My question is it essy to get a business loan with house with that much equity.The businesses am looking at are around $300k to $500k asking price

[@LeoLandaverde]

If you’re looking to purchase an existing profitable business, you could get a SBA loan for 90% of the purchase price and you put 10% down. You will have to use some of the equity on the property as a guaranteed for the loan. That’s the short of it. Do you have experience running these types of businesses?

[@lorrainebonvissuto3769]

Leo ❤ Have you ever helped with putting together [fractional] business ventures? Where several parties are involved in buying a business. 😊

[@LeoLandaverde]

Yes, several and I got a couple of them out of our group coaching program right now. If you wanna know more email me your contact information to [e-mail] and they set up a time to chat.

[@YusufMatcheswala]

When calculating DSCR, do you use sellers discretionary earnings or net income from P&L when calculating the ratio?

[@LeoLandaverde]

Hi Yusuf, it depends whether it is a Schedule C, S-Corp, C-Corp or LLC. Most often is EBITDA + lender approved add backs (SDE). By the way, I responded to your email about scheduling a time to chat. Look forward to getting something on the calendar.

[@williambeltre7234]

Ty

[@MdzoynalAbedinchowdhury-u8l]

Any list of formulas

[@LeoLandaverde]

Formulas are imbedded in the deal analyzer I give away

[@dangolden2614]

Thank you for the info. Do you help buyers in all states?

[@LeoLandaverde]

Hey Dan, yes, absolutely. Would love to chat with you. Please email me your contact information as well as the best phone number to reach you to [e-mail]. Let’s set up a time to chat.

[@dangolden2614]

@@LeoLandaverde sent

[@gavay]

I love it , nice content

[@LeoLandaverde]

Glad you enjoy it!

[@LeoLandaverde]

Are you shopping for a business to buy?

[@lunguyen1073]

What if I buy a business that already have a manager in place for as an absentee owner? Would bank consider those loan if I don’t have experience?

[@LeoLandaverde]

Yes, it’s possible depending on the industry depending on the cash flow depending on your overall management experience. That can totally work. What type of businesses are you looking at?

[@Mr146allday]

How can I get in contact with you to review a prospective purchase?

[@LeoLandaverde]

I’d love to chat. I do need to ask you a few questions. Please email me your contact information as well as the best phone number to reach you to [e-mail]

[@JoseMunoz-om6hl]

Hi Leo! Thank you for all the amazing information you provide in your videos. I don't know if you made content on how to buy an online business yet, but If you haven't and have the time I would love to hear your expertise on the different categories or type of online business we should look for? how to analyze them and determine its value as well as growth potential and cashflow, as well as the best practices to buy such business. Would love to see your content regarding this topic!! anyways thank you once again for all the valuable lessons! =)

[@LeoLandaverde]

Hey José, I’m so glad to hear that you’re getting a lot of benefit from my videos. Online businesses are a specialized niche. I will add this topic to my list of upcoming videos. Are you actively in the market to buy an online business? If so, What is your price range?

[@JoseMunoz-om6hl]

@@LeoLandaverde ​ Hi Leo, I'm so sorry I totally missed your response. Yes that would be great! would love to hear your input. I'm actively in my learning stage. I've considered an online business given that I'll like it to be decentralized and not tie down and dependent on its local area, but I'm also open to a more traditional business. Regarding price range I have to stay realistic and would like to stay within 300K to 400K I don't see how I can get any higher than that given my experience. A lil more info on myself: I have a pretty decent paying job (75K to 85K per year) and started a small "business" about two years ago.. I quoted because it's literally a one man operation, which nets me an extra 20K to 25K per year so its a nice bonus for an extra 10hr per month or so. I have good savings and a good/fair credit. I feel like all this is great and given me a foundation for me to take the next step. I would love to set up a meeting with you, would love to get some guidance. Sorry for the Horribly long response =)

[@LeoLandaverde]

Hey Jose, no worries. Thanks for the detailed breakdown. I am pretty booked for the next few couple of weeks, but I’d love to set something up in early June. Please email me your contact information as well as the best phone number to reach you to [e-mail].

[@JoseMunoz-om6hl]

@@LeoLandaverde Just sent you an email, looking forward on speaking with you! Thank you.

[@LeoLandaverde]

I saw your email. Thank you! I will respond over the weekend with some dates/times

[@lostpulsar]

I don't have a real estate, does that mean I cannot access the loan? Thanks

[@LeoLandaverde]

You don’t have to own real estate in order to purchase a business

[@lostpulsar]

​@@LeoLandaverde I'm just quoting literally what you said at min 18:53: "It's almost impossible right now to get an SBA loan to purchase a business if you don't own real estate"

[@LeoLandaverde]

Guess what, that has changed. SBA rules change from time to time and the SBA just went through the biggest change in rules in 20 years. It just became much easier to own a business. Stay tuned.

[@lostpulsar]

@@LeoLandaverde that's a great news! Thanks

[@lunguyen1073]

And which industries favor sba lenders?

[@LeoLandaverde]

Every SBA lender has their own niches they like to go after. But the purchase price range you’re looking at?

[@lunguyen1073]

@@LeoLandaverde I’m looking around 300-400k purchase price

[@LeoLandaverde]

Excellent. Do you have at least 10% down?

[@lunguyen1073]

@@LeoLandaverde yes I do

[@LeoLandaverde]

Excellent. Email your contact information to [e-mail] along with best phone number to reach you and let's set up a time to chat.

[@MdzoynalAbedinchowdhury-u8l]

❤ pls give some names 4 good lawyers

[@LeoLandaverde]

This information is only reserved to pay members in our group. What kind of business are you buying?

[@nnnnnnnnm948]

what are young people like me supposed to do if they tryna elevate but don't have a net worth? work 30 years to have some net worth and then think of buying a business?

[@LeoLandaverde]

You don’t have to work 30 years to accumulate some net worth. You don’t really need huge net worth to buy a business. Most important things are good credit, 10% down payment and management experience.

[@nnnnnnnnm948]

@@LeoLandaverde thank you, and if you don't have management experience? how can you gain management experience without owning a business or without being a manager where you work at

[@LeoLandaverde]

There is no replacement for experience. Unless you can get exposure to management, you won’t have any experience in management which is gonna be an issue for the lender.

[@kingwillie206]

@@nnnnnnnnm948 - You can take a business management course and intern at the business you are interested in purchasing. When you are young and not established you need to think about how to increase your value beyond your age.