List of small businesses with Owners older than 65 (or close to retirement)

May 09, 2022

by a searcher from University of Texas at Austin in Houston, TX, USA

Hi Searchfunder community! I had an idea earlier last week that I think might be of value to this community: does there exist a focused list/database of small businesses whose owners are older than say 65 years old? The use-case here is for the searchers who are exclusively focused on buying businesses from those close to retirement.

The list would theoretically include key data elements such as: company name, industry, age of owner, LinkedIn profile of owner, company location, years the company has been in business, website, key products, number of employees, generic company phone number, generic company email.

Let me know if such a list already exists or if it would be useful to create one + which industries you’d want the list to be focused on; I’m brainstorming some ideas for my first data project and this is the first that comes to mind. if I go forward with this, I’d make the spreadsheet/database free for everyone that responds here (but would look to monetize it for others in the future)!

Reply by a searcher
from Columbia University in Jacksonville, FL, USA

redacted‌, ^redacted‌, ^redacted‌ ^redacted‌ ^redacted‌ I hired some developers to build https://dealzone.us/. I could do a good MVP of this but would need to pre-sell to interested parties to make sure there is enough demand. I just toured Grata yesterday and while very helpful, at $15K/yr, it puts it out of the range of most self-funded searchers. That being said, if I could get a contract with enough people at $1K apiece, I believe I could create a working version. Money could be placed via an online crowdfunding website so that if a monetary goal is not reached, the product is not created, and the funds are returned to investors. Let me know your thoughts. Let me know if you have interest at redacted Thanks.

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Reply by a searcher
from North Carolina State University in Sykesville, MD 21784, USA

Hi Femi,

I looked into this briefly. Exactdata.com can generate a list of business owners over a certain age. But it doesn't give you the business name, or any details on the business. When I poked around, it seemed like trying to get those details was going to be a fair amount of work by searching the state business database, LinkedIn, websites, etc.

GRATA.com uses artificial intelligence to give you business details, and charge a fair amount for access, and it won't include businesses that don't have websites. My thesis was that those were probably the best businesses to buy because likely with some updating they could really grow in value without having to be a genius. Also, I am uncertain if GRATA can be narrowed by age of the owner.

The list would certainly be valuable.

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