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Why don’t you buy a business with ~100-150k ARR for a 2-3x multiple and grow it. That would save you the first (and hardest) part of finding at least some sort
by leandot 3y ago
Why don’t you buy a business with ~100-150k ARR for a 2-3x multiple and grow it. That would save you the first (and hardest) part of finding at least some sort of product-market fit. There are places where people talk about their businesses like indiehackers, also HN has a regular thread.
- deanmoriarty 3y agoThanks for the suggestion. I am extremely protective of my money, so divesting from my index funds to fund the acquisition, or going into debt for acquiring it, is not an option for me. I am really hoping to have something that I can nurture from scratch.
- ramblerman 3y agoWhat are the options of financing businesses like this? As a 40 year old salary man, what might I reasonably expect a bank to give me, say if I put down 40k for a 150k business. And assuming I do it under an LLC. Is that realistic? I know nothing about this world - but I'm assuming some financing exists. Would love to hear takes from people with experience, or any forums that cater to this area of buying SMEs. I'm in Europe myself.
- gizmo 3y agoNot realistic unless you’re talking HELOC to fund the purchase, which I wouldn’t recommend.