Any work with SMB Dealhunter?

searcher profile

August 26, 2024

by a searcher from Villanova University in Los Angeles, CA, USA

Hi all - I am new to this community and recently started my search. Has anyone worked with https://www.smbdealhunter.xyz/ or know anyone who has?

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commentor profile
Reply by a professional
in Raleigh, NC, USA
Here is my take as someone who works in sourcing/business development: Ask them to prove/validate their data sources. There are several platforms and sites that offer data of on the market or off market deals. If they are on the market, they are likely sourcing their data from Biz Buy Sell who is owned by same company as Zillow and Apartments.com. If it's unlisted or "off market" they may be getting it either through a lead gen site they own or buy leads from. These are leads being sold to brokers/buyers multiple times. These sellers are a slight notch above cold calling. You'll spend a lot of time calling/hunting with little or no RoI. Then theres some who source from Pitchbook - these might be good leads but definitely have a broker/intermediary/Investment banker involved. They also are in violation of Pitchbook's data use. Next up are folks using ZoomInfo or Apollo and these may be off market but again, it's not much better than cold calling and violating terms of use for ZI or Apollo. Happy to share more details or pros/cons of the different sources. as well as my recommendations.
commentor profile
Reply by a searcher
in Chicago, IL, USA
I had a few meetings with the team, and they seem to add the most value by hand-holding through the deal process (e.g., advising, brainstorming, making introductions to vetted service providers, etc.).

Regarding sourcing, most deals they present to members, and those subsequently closed by members, are broker-listed opportunities. As a regionally focused searcher, it's relatively easy to aggregate my broker-listed deal pipeline, so I found the deal sourcing part of their offering less relevant.

Ultimately, I decided to pass on them for now, reasoning that if I need additional support in the closing phase, I can hire an advisor who specializes in the industry of my acquisition on an hourly basis/retainer. It is likely to still cost less than the cost of the SMB deal hunter program. However, if you are launching a nationwide search with more of an industry focus, they are a very cost-effective way to accelerate the sourcing process. There is nothing like waking up with a few good opportunities sitting in your inbox to review :)
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