Let’s Buy a Business Ryan Condie

Michael Frew is a technology veteran with 20+ years of experience working with major players like Lockheed Martin, IBM, and Amazon.
Transitioning to Acquisition Entrepreneurship, Michael now manages an 8-figure portfolio of cloud-based software companies, generating a 7-figure annual income.
His digital business acquisitions and operations expertise has earned him recognition in outlets like FE International, Indie Hackers, and Empire Flippers. Stay tuned for insights from Michael's remarkable journey in today's episode!
How to view SaaS multiples? Why Jobs can be a lifesaver - he quit 3 jobs… Where to get financing in 2024 There are better buyers than me…  
Sponsors:

Ampleo: The Go-To Source for Financial Due Diligence
https://lp.ampleo.com/transaction-advisory
 
Ready to level up?
Join the Let’s Buy a Business Community
https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community
 
Use Code: Founder24 for 30% forever and a free 1:1 call with me.
 
How to Buy Your First Small Business through Acquisition Entrepreneurship
https://letsbuyabusiness.com/course

Live Business For Sale -We dive in with Matt Hash on his Mobile Trash Compaction Business which is listed for sale right now.FF&E - $220k

Rev - $175k
Profit - $80k
Price - $449,000
https://www.bizbuysell.com/Business-Opportunity/Established-Mobile-Trash-Compaction-Business/2155561/
 
Sponsors:
Ampleo: The Go-To Source for Financial Due Diligence
https://lp.ampleo.com/transaction-advisory
Ready to level up?
Join the Let’s Buy a Business Community -https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community
 
Use Code: Founder24 for 30% forever and a free 1:1 call with me.

Emotional Homes.
It's not what is the best for us, it's what we're used to.
"The quality of my life is the quality of my habitual emotions. Our habitual emotions are our emotional homes. It’s what we are conditioned to return to."
- Tony Robbins
Sponsors:
Ampleo: The Go-To Source for Financial Due Diligence
https://lp.ampleo.com/transaction-advisory
Ready to level up?
Join the Let’s Buy a Business Community
https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community
Use Code: Founder24 for 30% forever and a free 1:1 call with me.
YouTube - Need more hands-on videos?
https://www.youtube.com/@letsbuyabusiness
Newsletter - Stay Up to Date
https://lbab.beehiiv.com/subscribe
Tony Robbins - Emotional Home - YouTube
https://www.youtube.com/watch?v=hfNOXhDpXOk&t=19s

Austin Larson is 6 months into his search. We jump into how he can fund his search and tweak was he is looking for. Real-Time.
This is a unique episode. Many searchers are going through this same problem.
Podcast Nuggies:
- His background so we can understand his value adds
- Reducing Burn + Light W2 Options
- How to contact business owners + Joint Venture Options
- Brainstorming Local Businesses + Consulting
Sponsors:
Ampleo: The Go-To Source for Financial Due Diligence
https://lp.ampleo.com/transaction-advisory
Ready to level up?
Join the Let’s Buy a Business Community
https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community
Use Code: Founder24 for 30% forever and a free 1:1 call with me.
YouTube - Need more hands-on videos?
https://www.youtube.com/@letsbuyabusiness
Newsletter - Stay Up to Date
https://lbab.beehiiv.com/subscribe
Connect with Austin:
LinkedIn
https://www.linkedin.com/in/austin-larson-85528549/
 

Alright, a question I get often.
What is the difference between EBITDA vs SDE?
We dive into a few high-level differences to watch out for when evaluating businesses.
EBITDA is typically used for larger businesses ($2-3M+ Profit).
SDE is typically used for smaller businesses.
BUT neither of those is cash flow.
A few podcast nuggies:
- SDE is not Cash Flow
- Loan payments don't show up on the P&L many times
- If you take a business with no debt, stack on 80%+ debt, you are fundamentally changing the entire business structure. You are ADDING risk here.
You can get into trouble if you only take their costs vs WHAT YOUR costs will be.
Sponsors:
Ampleo: The Go-To Source for Financial Due Diligence
https://lp.ampleo.com/transaction-advisory
Ready to level up?
Join the Let’s Buy a Business Community -
https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community
Use Code: Founder24 for 30% forever and a free 1:1 call with me.
YouTube - Need more hands-on videos?
https://www.youtube.com/@letsbuyabusiness
Newsletter - Stay Up to Date -
https://lbab.beehiiv.com/subscribe

Mitch Woodhead went from software sales to Salesforce consultant to buying a SaaS business. What a ride here.
This is one of my favorite episodes. Mitch opens up about how he taught himself Salesforce, got his first client, transition to consultant to free up his time and search more. He then opens up about his acquisition, what he did right and what he’d do differently.
Podcast Nuggies:
- W2 to Consulting to Buying
- How to fund your search
- How to Stand out with Sellers
- Why he liked his deal
Sponsors:
Ampleo: The Go-To Source for Financial Due Diligence
https://lp.ampleo.com/transaction-advisory
Ready to level up?
Join the Let’s Buy a Business Community -
https://lets-buy-a-business.circle.so/checkout/lets-buy-a-business-community
Use Code: Founder24 for 30% forever and a free 1:1 call with me.
YouTube - Need more hands-on videos?
https://www.youtube.com/@letsbuyabusiness
Newsletter - Stay Up to Date -
https://lbab.beehiiv.com/subscribe
Connect with Mitch:
LinkedIn - https://www.linkedin.com/in/mitch-woodhead-50483bb1/