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 knew a searcher who was buying a job, but didn't know they were buying a job.
Buying a job is a bad thing. You just need to be realistic about what you are actually buying and what your intent is with acquiring a business.
Repeat, there is nothing passive about buying a business. If you want a mailbox check, buy dividend-paying stocks or CDs.
Join the How to Buy a Business Cohort
How to review 2025.
Measuring the Gain, Not the Gap.
AND...starting something you do not know the ending of before you start.
Two opportunities to receive help:
1. One-on-one consulting
2. January Life Cohort
Jan 2026 - Live Cohort - Jan 7-9th
https://www.letsbuyabusiness.com
Consulting - https://www.Letsbuyabusiness.com/2026
You're gonna love this episode. No joke, someone needs to make a series about Sean. He constantly bets on himself and has an incredible story.
Podcast Nuggies
From biomedical engineer to investor: moved to Memphis, flipped ~1,500 houses, syndicated ~800 units.
Transitioned back to Utah; year-plus search with multiple failed LOIs, then bought PSI Tops (countertops/cabinets) in late 2024 (~$800k EBITDA, 35 employees, included real es...
Math doesn't lie. Be real with your position, which side of the equation are you on?
Are you using Multipliers? Are you capturing 7% of the value or 93% of the value created?
Wealth comes from owning equity. Salary is linear while equity compounds via multiples.
$1M profit.
$250k goes to employee.
$750k in profit left goes to owner.
$750k x 4 (equity multiplier) = $3M
$3.75M goes to owner.
6.6% of the value goes to the employee.
93...
Patrick Dichter is such a fun guest and entrepreneur to have on. His wealth of knowledge is so valuable. You will not be disappointed in this episode.
Podcast Nuggies:
- Grew Apple Tree from ~$1.2M rev / ~$330k SDE to ~$4.5M in 4 years—non-CPA owner.
- Pipeline: ~500 cold emails → ~20 calls → 6 LOIs → 1 close; personalize & call now.
- Target "professional services" (non-licensed) so non-CPA ownership works.
- Structures: SBA + cash +...
Most management tasks shouldn't take six months. Yet many companies let them drag on.
Break each day into three lists:
1. Tasks that bring in new business (raise revenue or cut costs).
2. Tasks to maintain or keep operations running.
3. Tasks others expect, but that don't add value.
Never start list 2 until list 1 is done. Never start list 3 until list 2 is done.
Aim to complete list 1 before noon, when your mind is most alert.
...400 episodes
700k downloads (most coming recently)
Raised money for acquisitions for amazing entrepreneurs.
Spoken at events.Thanks everyone.
6 weeks left in 2025.
Let's get after it.
I have 2 afternoons wide open, you can grab a time in the show notes.
15 min slots.https://cal.com/ryan-condie/thanks
SMBs are the biggest target for cyber attacks. Protect your business with Inzo Technologies.
Check out....www.inzotechnolog...
3 Bonus Tips.Get an Army of Searchers
Bad CIMs = Hidden Gems
Get to $100k (at a minimum)
Mini - Episode - 6 min.
Timidity is one of the worst sins.
No one will follow you or believe you in.
Make a bold bet now.
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/le...
Seller Financing
All Cash
Using a Loan
**Most use a combination of all 3.
Join the How to Buy a Business Cohort - Nov 2025
https://www.letsbuyabusiness.com/
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 Amp...
Entry-Level Deep Dive into Due Diligence - I cover a lot here.
Financial
Employee
Admin / Business
Debt Service Coverage Ratio (DSCR)
Join the How to Buy a Business Cohort - Nov 2025
https://www.letsbuyabusiness.com/
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.
Here is the 2-min "Sniff Test" on how you can avoid going after the wrong deals for you.
It will eventually get to the point where it can be done in a few seconds but start out going deep into about 20-30 business summaries (CIMs) to get a handle on things.
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@inz...
We're on to sourcing.
People who fall off the search train end up at Dell.
Here are 6 ways you can search creatively for a business to buy.
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 w...
The most important part of the business acquisition search....what are you looking for (specific) and why!?
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-busines...
Episode 1: Buying a Business 101
- Introduction to the concept of buying a business
- Benefits of acquisition versus starting from scratch.
- Common myths and misconceptions.
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 ...
Ryan Price went down the Traditional Search Fund ETA path and realized after a year that it wasn't the right fit. He pivoted, went off on his own and bought an adjacent business through an SBA loan with no money down.
Yes, it does happen. :).
Podcast Nuggies:
- Ryan Price's path from e-comm sales to acquisitions
- Lessons from leaving a search fund accelerator
- Buying a speech clinic with 0% down SBA loan
- Direct outreach vs. cold...
3 Listings.
2 listed by brokers.
1 listed by the owner.
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/.
We dive into the risks for both the buyer and seller here. THIS episode started out as a personal conversation that turned into something we needed to record publicly.
Ryan is fantastic. You'll love this episode. Even the best experts make mistakes.
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@inzotechnolo...
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?
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