Anyone acquired a company and run it without being the primary operator?

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August 28, 2021

by a searcher from University of Colorado at Boulder in San Francisco, CA, USA

I am a self-funded searcher and I want to purchase a business because of the cash flow characteristics but don't necessarily want to spend my full time running the business. Ideally I would spend###-###-#### hours a week managing the leaders to OKRs, but have another individual be the primary operator. I imagine this could be the seller for a few years and then transition to another individual inside the business or external.

Has anyone successfully accomplished this? I have seen posts critical towards absentee ownership in general, but would love to see if anyone has actually done this.

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Reply by a searcher
from Drexel University in Philadelphia, PA, USA
It depends on how your lender looks at it, but I think if you purchase a company and the operater agrees to go from "owner" to "active manager" then I think I would be OK with a non primary operator.
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Reply by an member
from New York University in New York, NY, USA
Also would like to know, following this question.
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+3 more replies.
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