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Site looks nice, best of luck! I'd be curious just to learn more about who's the typical buyer of brick and mortar local businesses -- not something I've ever
by mNovak 11mo ago
Site looks nice, best of luck!
I'd be curious just to learn more about who's the typical buyer of brick and mortar local businesses -- not something I've ever thought about
- lifenautjoe 11mo agoThanks mnovak, that’s a really good question and something we’re putting a lot of work on answering accurately. The buyer landscape is more diverse than most poeple think. It's really a mix of a few key groups: - There's the classic one, the person who's climbed the corporate ladder, has some capital, and wants to buy back control of their own time. - Then you have the employee who's ready to be the owner. Think of the head cook who wants to buy a restaurant after working at one for 10 years. - There's also a new wave, partly driven by social media, of people looking for a "low maintenance" business like a laundromat to create cash flow. They quickly find out that even a 'passive' business is a real job, but it's a growing trend. And on the more sophisticated end, you have roll-up funds and private equity groups who see the massive opportunity in that $10 trillion wealth transfer and are looking to professionalize this space. To us, it’s honestly a mind-bending cross-section of the economy. Thanks for asking!