- The SMB Scoop
- Posts
- 🟠Deals, deals, deals: Keys to Sourcing an SMB Acquisition
🟠Deals, deals, deals: Keys to Sourcing an SMB Acquisition
Proprietary search, 6 list building tools, and sending outreach email
The SMB Scoop loves deal sourcing topics. Applicable to both aspiring SMB owners and current SMB owners. I’ve met a ton of entrepreneurs who aspire to ‘acquire’ rather than build from scratch. Most of them tell me, ‘it was hard to build from scratch…and I never want to do that again…so tell me about how to acquire my competitor so I can hit my financial goal’.
Sourcing a good company is easier than you might think. Honestly, I think there’s a lot of negativity out there that claim it’s impossible to find quality business. I cannot disagree more. There is a vast network of business brokers representing business owners seeking to sell/retire/transition out of their current business. Good companies for fair prices, sure it takes some effort but they are out there waiting for the right buyer. The naysayers either don’t get it or have already given up, which is fine with me.
My take on ‘proprietary’ (directly sourcing) an acquisition as a first time buyer. Beware! Suggest going brokered unless you’re special or funded with long time horizon
Finding an off market business for sale is a very dangerous game for first-time business buyers. We call this ‘proprietary search’
New buyers are smitten with the dream of finding an unpolished diamond in the rough.
The upside is you get a ‘better’ deal (price…quality). Find… twitter.com/i/web/status/1…
— Ben Tiggelaar 🟠(@bentigg)
2:00 PM • Jul 13, 2023
6 List Building Tools and Software (from Searchfunder):
The right type of email to send a business owner as an aspiring acquirer
As an SMB owner / operator I get 5 emails a week from PE firms and Searchers trying to buy my business.
This is what would make me respond (instead of insta-deleting the email).
Please do this👇
——
Business Owner,I am one of those guys that buys businesses.
But, I assume… twitter.com/i/web/status/1…
— Nolan Gore | SMB Leadership Guy (@LeadershipAcad1)
11:03 PM • May 25, 2023
Check out my SMB Junction Capital Connector: Connecting SMB entrepreneurs with the capital they need to acquire and grow their business
For deal sponsors (entrepreneurs) with a deal under LOI seeking to raise capital from 550+ accredited SMB investors
For accredited investors wanting exposure to passive SMB sponsors and investments
The SMB Scoop
Ben Tiggelaar
As always, reply with what you’re up to or what you want to see more of.