Let’s Buy a Business
Buying a business is a blend of process, timing, and luck. A few times a week Ryan Condie shares the deals he’s looking at in a short form podcast. Listen in on updates from investors and bankers. Whether you’re buying a business to own and operate or building up your passive income, you’ll learn what to focus on and what to avoid during acquisition.
Episodes
I'm gonna scare you in this episode.
- Am I solving for freedom or just running from something?
- Do I understand how this business actually makes money?
- Can I survive the worst-case scenario?
- What will break in my life if I say yes?
- Do I know what success looks like in 12 months? And will I still want it then?
Deal 1 - SBA Pre-Qualified: 12-Year-Old SaaS Payment Platform | $186K MRR | Owner Works Minimal Hours
https://quietlight.com/listings/16590131/
Deal 2 - High-Growth Travel Brand | $40M+ Sales | Patented Products
Deal 3 - Multiple Rev Streams - E-commerce, Local, National Service - Rugs!
Rob Thompson left a lucrative tech career to buy a small mountain resort in the middle of nowhere. The nearest town has 300 people and his resort has 10 hotel rooms, 12 cabins, and 12 train cars you can stay in.
We dive into…
- All types of entrepreneurship that opened doors
- Making Huge life Decisions and moving to a town of 300 people
- Rethinking his Corporate Career
- How he found the resort
- Day 1 through 30 in running the...
I have received 100's of buyer search criteria. Most of them are ridiculous and describe the perfect business.You NEED to match up your criteria and then overlay it with your abilities, financing options, AND your commitment to the search.
SMBs are the biggest target for cyber attacks. Protect your business with Inzo Technologies.
Check out....www.inzotechnologies.com, I-N-Z-O, or email Nick directly at nick@inzotechnologies.com.
...Mira Nair had an amazing corporate career until something shifted. She wanted to build a business and life on her own way.
With a background in eCommerce, running the entire P&L and operating divisions, Mira was ready for her own company.
Podcast Nuggies:
- How to use your corporate experience in buying business
- What steps to help prepare yourself to making the leap
- How women can break through the mold!
*Note I was the...
Ian and Max McCusker for Round 2. 2 years after their first acquisition, we get an update!
Spoiler Alert - They are sleeping on an air mattress across the country every other week! But they are crushing it.
Podcast Nuggies
- Buying #2 location across the country
- Worst Day of his life…being cheap and breaking a water pipe.
- You can be an idiot and still figure it out.
Need IT Help?
Check out....www.inzotechnologies.com, I-...
Ian and Max are some of my favorite people. We’ve been internet friends for years and even had their Grandpa on the podcast 3 years ago. They built an awesome agency, saw inefficiency with their clients, and bought into one of their clients’ businesses.
You know an agency is good when they get into the equity game.
Podcast Nuggies we dive into…
- Starting out as an Agency and Buying their Clients’ Businesses
- Massive Bets with Ac...
Everything has a spin. A few lessons learned after 400 episodes and 5 years of the podcast.
SMBs are the biggest target for cyber attacks. Protect your business with Inzo Technologies.
Check out....www.inzotechnologies.com, I-N-Z-O, or email Nick directly at nick@inzotechnologies.com.
Get expert M&A guidance, valuations, and fractional executive support from Amplēo.
Learn more at www.ampleo.com/lets-buy-a-business-podcast/.
Y...
Tyler Mumford is an absolute beast. He had a high-flying tech job in sales and got sick of the grind. He heard of idea on The Koerner Office (fantastic show) and within 6 weeks, was making money as an owner.This is an amazing episode.
Podcast Nuggies
- Why start vs buy? How he determined buying wasn’t right for him at the ripe age of 26.
- Franchise path
- How to start that entrepreneurial muscle right now
Need IT Help?
Patrick McMillan from Amplēo does a deep dive into financial due diligence, cash flow, and business operations!
This guy knows his stuff and seen firsthand how bad things can get without proper due diligence and financial understanding.
Podcast Nuggies:
- Cash flow fundamentals
- Founder Fraud! What $1M disappearing does...
- M&A activity in early 2025—lots of quality of earnings reports happening, a balanced buyer-seller market.
- Ta...
Over the last seven years, Jodie has lived in different countries while managing her business, exiting, writing books, and training/competing as a powerlifter. She's just 32 years old (ish) and has put herself in a position to never work again—just for money.
She wrote Ten Year Career: Reimagine Business, Design Your Life, Fast Track Your Freedom.
We dive into…
— Designing your life consciously
— Businesses that are fun to run are...
Chase Murdock is a legend. He is one of the most genuine people I know and the founder of Decada Group. Decada Group is a holding company in Salt Lake City, UT.
He’s self-funded a holding company with a custom suit shop, an art school, a construction company, and more.
Podcast Nuggies
- Building a holding company and long term businesses on their own terms
- Repeatable Playbooks across industries
- Digging deep for 12 months, and th...
Nick Akers is incredibly talented in every niche or category he joins. I do not want to compete with Nick in anything. He started out as chemist, invented and patented several inventions, raised VC money and sold to a strategic before joining the family business.
After running the family business, Nick struck out on his own to acquire Inzo technologies.
Podcast Nuggies
- How to dial in your search criteria
- Where he’d spend more ...
James Richardson, a former PwC employee, shares his journey from the corporate world to small business acquisition.
This is such a fun episode with his background and the massive switch to business owner.
Podcast Nuggies:
- PwC to entrepreneurship!
- Confidence gained from high-pressure situations can be valuable in entrepreneurship.
- Understanding financial statements is crucial in small business acquisition.
- Finding off-market ...
Help! I'm trying to buy a business....and just realized it's non-transferable...now what?
A non-transferable business is dependent....
- On the owner
- The Owner Personality - they are locally famous.
- The Owner Network
- The Owner goodwill in the community.Or basically anything remotely close to those.
Free SBM Financial Courses
https://letsbuyabusiness.com/courses/
(ROBS) Business FinancingTenet Financial Group - www.tenetf...
Deal Deep Dive! A few that I pass on and why...one that could be interesting.
Rural ISP - https://www.bizbuysell.com/
White Label SEO Agency - https://www.bizbuysell.com/
B2B Equipment Distributor - https://quietlight.com/
I did something stupid, and I'm going to do it again.Here is a brief story about achieving one of my massive life goals: running a 100-mile race in the mountains.
206,000 Steps
23,000 ft of elevation increase
55,000 ft of elevation change
33 Hours
6 Huge Bucks
1 Fat Porcupine
1 Angry Bull Moose
0 Barfs
and...100 Miles
Want to learn more about my trail adventures?
Go to Ultrasignup.com and search my name.
Free SBM Financial Cour...
Darin Pierson is a CPA and an entrepreneur. He’s started businesses and even bought a business too. This is a critical episode for anyone getting real on buying / scaling a business.
Darin always created the FREE SMB Financials Class on our site.
Podcast Nuggies:
- Optimizi...
Am I picking the right partner?
- Trust
- Complementary Skills
- Shared Goals and Lifestyle
- Commitment Level
- Assessing Risk
A Few Key Questions:
What do you want out of this business?
What is success here?
What if we have an extra $50k in profit? What would you want to do with it?
MORE COMMON - What if we needed to put in extra money into the business? Can you do that?
Equity split...
Free SBM Financial Courses
Raleigh Williams is one of my favorite people. Not a stranger to the show, 2nd time at least but he always packed in so much value. He’s bought, scaled, sold so many businesses. AND my favorite part of Raleigh is him betting on himself years ago after dropping down a pretty penny on a law degree. Raleigh walked away from a huge attorney career and salary to live life on his own terms.
We dive into Phantom Equity though.
Podcast Nug...
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