Buy A Business Over A Million Dollars-With No Money, Credit, Banks Or Prior Business Experience

Buy A Business Over A Million Dollars-With No Money

, Credit, Banks Or Prior Business Experience

In the first 25 of those years, I got owner financing. I got bank financing. I had vendor financing. I did all sorts of things. But, what happened was, I didn't realize there wasinvestor financing. I actually discovered this on complete accident because I needed financing to buy a business in Mexico.

You see, nobody was going to finance anything in Mexico. Even today, they won't. So, I had to go back to the investors we had and talk to them. I didn't even realize they would do something like this. So I just sort of lucked into this.

And now, for the last 25 years, we have never gone to the bank other than for a line of credit. We don't ask for owner financing. We pay 100% cash on the deal which means the seller gives us a better price than a small cash price. We don't have to qualify. We don't have to give our financial statements. We don't have to do anything. In fact, the average seller will tell you they don't care who you are or what you are if you give them all cash. So what happens is, if you bring an investor in, as opposed to all the other types of financing, it's a lot easier way to go.

The other thing with an investor is most of them will ride with you for four or five years. In other words, if you show them what their share of the profits are going to be for four or five years, many of these investors do not ask you to pay a return every month or every quarter, which means you have all the cash available in the business for a four or five year period to expand it. It's really a fantastic way to go, but I want to tell you for the first 25 years, it never dawned on me because I didn't know how to find investors.

But now, that's what I use almost exclusively. And I find it's not only cheaper (almost free), but it allows me to buy more businesses and have less work. Reason why is because investors will only put up money for businesses worth a million dollars or more, with an experienced management team already in place. Which means, if you show up, you're almost in the way. The management team you're paying doesn't want you there mucking things up. They would rather you be out playing golf or something.

It's a great way -- the only way -- to do business. If you want to pull your hair out buying sandwich franchises and "mom and pop" donut shops, that's your choice. But I'm here to tell you from 40 years of experience buying businesses, it's actually faster, easier andcheaper to buy large, multi-million dollar businesses, where your only real "job" is to cash the checks.

Arthur B. Hamel has bought over 200 businesses in the past 40 years, and is a well-known author, consultant, investor, business owner, and dynamic lecturer who has shared the stage with such business greats as Robert Allen of "No Money Down" fame. For the past 20 years Art has taught thousands of people around the world -- even so-called "little guys" with no formal education or money -- how to quickly and easily buy large, multi-million dollar businesses with no credit, banks or prior business experience. He has recently decided to share his unique business-buying secrets and tactics free of charge at:http://arthurhamel.com

POST COMMENT

How to Teach Business English Value of Using Multi-Page Booklets in a Small Business During Tough Economic Times HTC Desire S Deals : Technology for Small Business Payday Loans Australia: Fast Cash for emergencies Business in China #1 - Relaxing The Grip of Bureaucracy Flight News On Hawker Beechcraft Corporation Aircraft Manufacturer Invent Business Jets With Efficiency & Long-Range Performance Into The Market Steps to Use International Commerce in Your Business Make cheap business calls to colleagues around the world Greater Generosity Will Improve Business Performance FSA Regulated Business - What Does This Mean? How to Learn Business Chinese Invite Feedback - Listen and Guide Your Business to Success Instant cash loans avail cash for urgency without hassles