Anyone looking to keep their full-time job after acquiring a business?

November 18, 2024

by a searcher from Harvard University - Harvard Business School in Palo Alto, CA, USA

New to searching. Exploring businesses that can be supported by absentee ownership. Not expecting any business to have zero lift, but ideally nothing that requires significant hands-on involvement. Laundromats seem to fit the bill though it’s starting to feel like those have been quite overplayed in many markets.

1. Anyone else adopting this keep-your-day-job approach?

2. Are there categories of businesses that tend to better this mold?

Reply by a searcher
in Philadelphia, PA, USA

Thanks for the tag ^redacted‌. I am currently doing a part-time search while keeping my FT job, but I am definitely planning to own and operate FT post acquisition, so not much help here. But I agree with ^redacted‌'s comment above on the types of absentee ownership. Also - what about buying residential or commercial real estate?

Reply by a professional
from Bentley College in Miami, FL, USA

At DueDilio, I haven't seen too many clients come to us and mention that they're buying an absentee business. The areas that I think lend themselves well to this type of ownership are online businesses. Things like e-commerce stores, apps, certain SaaS. In Main Street, you're probably looking at car wash, self storage, ATM or a pool route, etc. It's just not something I see a lot of in the EtA space.

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