I am looking for a business that has good cash flow (at least 100K), with upside growth if owner-operated or can be mostly absentee run. I want to pay up to 3x cash flow multiple and be able to achieve a two year ROI. Down payment up to 400K. My price point is flexible depending on the business, and I may consider an SBA loan if appropriate. My timeline to buy is ASAP, as I have been looking for close to two years. Again, SDE must be 100K or greater. I would like to try and avoid franchises for now, unless the model and business are thriving and undeniably great to own. I am looking for a business in the South Bay Area (Redondo, Hermosa, Manhattan beach, Palos Verdes, Torrance, possibly as far as Santa Monica.
I have extensive managerial, and customer service experience, and I am looking for a business that I can oversee and manage the employees and operation. I will spend as much time as the business requires, but would be open to possible semi-absentee operation or employee-run model. I am looking to find one very successful business to run, or a semi-absentee business, so I will have time to own other businesses as well to reach my financial goals. The books must be clean and the income, P/L, tax returns must be available and verifiable.
The type of business I am looking for is recession resistant, has growth potential and exists in an area where that will not be disrupted by new technologies that will put me out of business (i.e. amazon, some other tech company, etc). It is important that the business is selling for the right reason, I am seeking a clean, honest deal, preferably a successful business owner that is retiring and can show me the ropes.
Long term employees are a bonus, with the ability to have an easy transition. I am open to many different potential industries, and am willing to entertain the right opportunities. However, I am not interested in traditional restaurants, but maybe fast-casual if the concept is proven.
I was a talent agent for 10+ years, so I am great with customer service and helping people, it also lends itself to sales, as I spent years selling myself. I am however capable of learning just about anything new and developing new skill-sets, as I am still young enough to pivot.
I am very open at this point and look forward to the many great opportunities that I know are out there.
Brokers/Sellers, please contact me with anything you may represent that would be a good fit. Thank you.