Can anyone comment on their experience with BizBuySell?

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January 12, 2022

by a searcher from University of Texas at Austin in Sioux Falls, SD, USA

Wondering how effective is BizBuySell and other listing services as a source of deals. How about business brokers in general? It seems they mostly handle small deals. Any success or recommendations on this front?

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Reply by a searcher
from Southern Methodist University in Dallas, TX, USA
I tried the BBS route for a handful of months and all the companies I vetted suffered from a lot of the same issues... selling on a peak year, poor calculation of "seller's discretionary earnings", brokers setting unrealistic pricing expectations with sellers, etc.

After these experiences with BBS, I decided to put most of my focus on proprietary sourcing (which comes with its own headaches but I prefer it).

Best of luck in your search.
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Reply by a searcher
from University of Michigan in Detroit, MI, USA
BBS is fine and a quick way to search deals. With that said brokers can play a key role in getting a deal done but there is a lot of inconsistency around the type of service / information etc. that is provided. Identify the brokers you believe provide supply solid information on a consistent basis, build a relationship with them and combine that with a direct search. This approach has helped increase my deal flow of better quality deals.
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