Jonathan Jay is one of the world’s leading trainers on buying and selling businesses, with a 20 year plus track record of high-performance companies and multi-million-pound exits.
Over the last 20 years, Jonathan has bought companies from private equity firms and sold companies to private equity firms - he has made trade deals and snapped up bust competitors and merged them with businesses already in his portfolio.
Jonathan is also the author of nine business books and presented shows for the BBC.
If you want to learn how to buy a business without any personal risk these videos will guide you through the process, from finding a business to negotiating the deal. Subscribe to this channel and click the notifications bell so you never miss a video!
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It sounds like the owner may also be 1 of only 2 FTE Drs , revenue could be then only coming from pathology lease and 1 allied health practitioner. If NHS is at all like the Australian health system then recruiting FTE Doctors would be a challenge.
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family?
From $37K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.
Thanks for the amazing video Jay! I'm based in Thailand, would what you teach work for me here as well? I lost a lot of money on my first business and want to get better at this.
Hi Jonathan, I have already purchased your fast track program and there was a video there whereby you describe how to pay all the professionals until after the deal. How do you put off paying the valuation fee until after the purchase of the business?
If the property really is worth 3M, the business should close down and rent the property out to a different tenant. The incoming rent would be more than the brewery makes.
No, you have too few staff, what if they are retiring soon, who are you going to replace them with? what is your value add? Company may have saturated its local market, especially if they claim low maintenance/high end furniture. I see you managing, doing sales and trying to find products and what if you are in a Ulez zone -lower footfall.
Two persons to operate the business ? Isn't it a bit short when it comes to face problèmes ,illness or else ? No maybe , I would not buy this business.
Well it depends on a few factors, the growth rate , 3 -5 years accounts, liquidity of the business, cash flow , it might be a seasonal business , which will result in choppy turnover
Net profit 50k-100k (so 75k). My concern is that the owner may require to be involved in the business full time even if he's not receiving a salary on the books, if so, the new owner would effectively be buying a job which paid 75k and this is definitely not worth 500k.
Ecommerce furniture would be a no go for me - the cost of processing returns would be a nightmare! So many logistical challenges too in getting it delivered to people. Eeeek, no thanks!
I would only buy this business as an add on or part of a complimentary business. This in my opinion would be good for someone who is already looking at a furniture type of business or even a garden supply store. A landscaping company that also specializes in anything from construction of decks, outdoor fireplaces. It would be hard for me to justify purchasing as a standalone entity even initially.
