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Buying a Business With 50K

Alex Hormozi 220 views

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Why he looks like Mickey Mouse? 😊
Comment from : @FranciscoMeza

SBA isn’t loaning you any amount of money you don’t already have in your bank account They aren’t loaning you $200k if you’re not liquid $200k
Comment from : @johnfulton4952

How often does that happens as if!
Comment from : @Mainpizzaspot

GUYS! Its JUST AN EXAMPLE Jesus christ Your missing the point YOU CAN LITERALLY SHORT CUT YOUR WAY INTO MAKING MORE MONEY WITHOUT THE HASSLE OR TIME IT TAKES TO START A BUSINESS JUST BUY EXISTING PROFITAL ONE
Comment from : @TheGreatEscape77

You can also do it 100 percent owner finance and not get commercial debt involved
Comment from : @haroldgarcia9267

So the business owner gets 250k total? 50k cash and a check for 200K?
Comment from : @remodelboostclub

Would love to see more content related on this topic I appreciate what you’re doing for us Alex!
Comment from : @officialbsz

Why u sell a business making 250k a year profit?
Comment from : @alexakinkugbe694

Very risky The only way you get a business at 25 multiple is if the basis is SDE, meaning that “profit” includes depreciation, amortisation and non-recurring expenses brbrYou can’t create money so regardless of how clever you’ve been with the accounting end of the day you’re owing 600k If you’re repaying over 5 years you’ll be paying out about 140k annually on top of depreciation etc
Comment from : @kelechinobi3085

Terrible idea
Comment from : @Beggeee

Running in hell with a blonde demon that's dead
Comment from : @Butterdance19

He beçame rich through acquisition Entreprenuership, sharp
Comment from : @AlexanderOjeniweh

what types of small businesses would sell like this? restaurants, gyms?
Comment from : @johnthemav

Verbalase really messed up
Comment from : @Archisman_Ganguly69420

Have you yourself bought a 625k business?
Comment from : @fortitude1082

Mickey mouse
Comment from : @donutdude4174

Buy business - 😠brBuy p**n without p**n - 😊
Comment from : @yorok426

VERB-
Comment from : @LaggyxKittenx

As an NPC, I am legally obligated to comment “Arguably, paying someone to animate a cartoon character raping your character is worth more”
Comment from : @BurrritoYT

Verbalase messed up
Comment from : @Keithchan2024

Overall you get it all faster but your paying way more long term
Comment from : @brrncy

It ain’t that easy They forgot to mention you gotta put in hard work Majority of the population is not cut off for this
Comment from : @williewill1237

76 down nice
Comment from : @TonyCook7

seeing all these comments im glad people are becoming smarter this ytuber puslling crap ouf os his butt lol
Comment from : @kizarumelon2477

if I make 250 per year and I want to sell the business it means I want the 600_700 k now not with the loan I can make it in 3 year and still keep my business
Comment from : @محمدمهدیترکمانی-س1ع

my plan was to get an 850 on 8-10 different cards with the highest limit possible while saving 50-60k in the next year, theres no way i could do this you guys are saying?
Comment from : @LoudPxckk

Mickey Mouse !
Comment from : @Eric3Frog

original video link please
Comment from : @polrodes

Could someone in the comments or Alex 😅 talk about the personal guarantee requirements here? Some banks require it while some may not
Comment from : @LegendaryRob

Nice explanation
Comment from : @waynem2895

Yeah this isn’t going to happen I know nothing about pricing business but no one making $250k from a business is selling it for $650k unless they’re rich or really want out super fast I’d say most people would want $12m which is way more
Comment from : @Mogardie

What about the collateral requirement?
Comment from : @LegendaryRob

Codie Sanchez has entered the chat
Comment from : @thesaintmarcus

you can buy a airplane but can you fly it? the same with business… you can buy a company but can you manage it?
Comment from : @JohnDoe-vo5uc

Lmao trying to sound smart with imagination numbers
Comment from : @sk2790

That seem interesting but What is this seller financing thing? brbrWhy seller would do that? Instead of keeping it and keeping all thé money and rents
Comment from : @dinamiteurdinamiteur2324

Don’t expect to save 50k and be able to pull this off lol you need to be able to get that much credit on top of the 50k
Comment from : @orhankaramov9880

This is a fucking sign
Comment from : @Mr_foster2u

What kind of idiot would sell such profitable business for such a low price?
Comment from : @ruslan-pe3wx

I would never sell a business on those terms
Comment from : @Elliott_Wave

Good luck getting a business to sell for 25x earnings 🤣 business owner is getting ripped
Comment from : @nathanielfrank9118

This is the equivalent of describing how to fly a plane in a children's coloring book Do not listen to people who have never bought or started a business, or know what they are talking about SBA isn't a piggy bank
Comment from : @donatoclay2896

What actually happens is the seller says fk off I want all the money on closing, no seller financing
Comment from : @Huwix

great
Comment from : @teddyjoke69

So, a Leveraged Buy Out
Comment from : @Rakshay223

I have absolutely no idea what you're talking about, mate But yep, I'll buy it
Comment from : @socman002

Came for the mickey mouse ears
Comment from : @pamelah6431

How the fuck is this only a short This should be a in a entrepreneur master class
Comment from : @marufawal

Someone who profits 250k a year would be nuts to sell for 625k
Comment from : @floridabigbear

Fatal flaw is getting someone to sell you a business that makes 250k a year with owner financing Why would they sell something that makes roughly a million dollars every 4 years and take on risk from someone with now 2 loans and only sitting on 50k in liquid lol
Comment from : @lordofthegains

Alex before steroids
Comment from : @cycle4life123

This guy is full of bs
Comment from : @tomtomsen9492

That's only if you can guarantee the business continues to make at least 250k
Comment from : @kirilkiril7436

If it’s that simple why haven’t you bought up all these businesses at 50k each😂
Comment from : @jared4341

🎉
Comment from : @SeanVosler

Show me this business for sale and I will buy it
Comment from : @Stonewallz

So owner says no 😒 or bank says no 😒😒
Comment from : @brokeboyoptions

Why the heck i will sel my business for 3 years of profits ? Wtfbr15 years i minimum
Comment from : @antycus7970

Terrible idea!
Comment from : @Tyler-pi6fe

Cool, business advice from Mickey
Comment from : @robvlob

This is true but also not, you have to think about the equity and actual hard ware value, business worth 10 mil can make only 250k
Comment from : @MillionLeads-v2f

Don't forget to mention this process takes at least a year for paperwork to go through
Comment from : @princekjtheartist

ya but you have to pay your loan and the seller now and that will eat a big chunk of biz income, plus overheads, you are left with 60k per year with extra headaches congrats!
Comment from : @sinnexz

I have no idea what you're talking about
Comment from : @HeyMavDak

Similar strategy to Mr Pena
Comment from : @DenverDanimal1

I'm doing this right now It's definitely not as clear cut as Alex describes There are balloon payments that you have to include in your business plan, cull dates to keep track of, closing costs, and so onbrOh and the lawyer fee I'm paying for the initial contract is $5k
Comment from : @edpasternak

SBA loans only allow up to 5 owner financing You’re also not making $250k because there’s now debt to service Oh yea and SBA is gunna want you to put your house and other assets as collateral in case you fail
Comment from : @bestduihelp2170

My question always comes back to working capital How do you handle that in the early days of the business
Comment from : @Chandler-Lyles

This guy trimmed his beak a while ago…looks bad
Comment from : @ohno837

Came for mickey mouse Not disappointed
Comment from : @FilipeMeunier

Company valued at 625k doesn't make 250k a year in profit lol
Comment from : @brendanblair6589

99 would fall over in the “real” world as soon as you mentioned seller financing You make too many generalised assumptions here and it borders on being misleading
Comment from : @SwampMonster1

But why the owner sell a business making 250k profit, he would have to be out of his mind or drunk?
Comment from : @CrazyFocus-cf8rs

If he puts his head in the middle of the frame he turns into money making mickey mouse
Comment from : @DavidRider

Noone would sell you a business that does that well, for that little
Comment from : @RadicalSelfImprovement

I can get 50k in student loans but not business loans
Comment from : @edwins9609

You look like you have Mickey ears on 😅
Comment from : @cxa011500

ALEX TEAM: JUST FYI - THE THUMBNAIL MAKES HIM LOOK LIKE MICKEY MOUSE 😂👍
Comment from : @tinaperez7393

Is it just me or does the guy look like Mickey Mouse with those big giant ears?
Comment from : @spencerian

No one sells a business at a 40 cap rate
Comment from : @jacobdesalvo2155

LOL @ SBA loan good luck with that
Comment from : @mrpickle23

No business owner is going to wear that seller finance loan risk
Comment from : @thehoov6672

looks like Mickey Mouse
Comment from : @TrevorBoggs

Most business sell at 5-10x, this is stupid
Comment from : @henrysimpson5995

crap advice
Comment from : @CrooKdLetterJ

Awesome
Comment from : @DarrenDunlop

Yes You could even get a highly experienced board in exchange for shares, and roll up companies with seller financing and debt You could even use top 5 accounting firms and lawyers with success fee, for the due diligence
Comment from : @arvinkhanian5323

That would be you getting a loan (from the bank), by you putting 25 down, and that loan would be the downpayment for a bigger loan (the seller financed one)
Comment from : @Rafael-Bravo