How to ACTUALLY Buy a £2,200,000 Business (Full Course)
Paul Wilkinson
0:00 / 0:00
How to ACTUALLY Buy a £2,200,000 Business (Full Course)
345 просмотров · 3 дня назад
Paul Wilkinson
373 подписчика
345 просмотров · 3 дня назад
Book a free call with me: https://888boardroom.com/freetraining
I'm buying a £2.2m printing company right now, and I haven't got £2.2m in the bank. In this video I show you every step of the deal, start to finish.
I bought my first one, JKN Digital, a print and signage factory in Preston, for £830,000. It makes about £300,000 profit a year, and the money to buy it came from six different places. Very little of it was mine.
These are the 12 steps: setting up a limited company so the debt sits in the company and not in your name; picking a boring business with managers already running it; finding one on BusinessesForSale and RightBiz and getting past the broker; writing straight to owners who haven't listed yet; the one question I ask every seller on the first call; valuing a real business from its accounts; reading out the offer I put in, £1.26m on completion and £840,000 over five years; the head of terms you sign before raising a penny; where the money comes from, including the government-backed Growth Guarantee Scheme; the due diligence that finds what the accounts hide; the seller who tried to change the deal the day before I signed JKN; and what I said to the staff on my first day.
You don't need to start anything from scratch. Someone spent 30 years building it, they're 60, and they need out.
If you already own a business, it's the same process, you just bolt the next one on.
If you want me and Ken on your deal with you, that's the 888 Club. Book a free call using the button on this page: https://888boardroom.com/freetraining
Chapters:
0:00 Buying a £2.2m Business Without £2.2m
0:47 Step #1: Keep the Debt Out of Your Name
4:40 Step #2: The Business Nobody Dreams of Owning
10:56 Step #3: Thousands of UK Businesses for Sale
18:44 Step #4: The Seller Who Hasn't Listed Yet
25:23 Step #5: The Question I Ask Every Seller
27:55 Step #6: Watch Me Value a Real Business
34:57 Step #7: Reading Out My £2.1m Offer
37:23 Step #8: Sign This Before Raising a Penny
40:12 Step #9: Where the £830k Came From
44:33 Step #10: What the Accounts Won't Tell You
47:42 Step #11: The Day Before I Signed JKN
52:01 Step #12: Walking In to Face the Staff