Looking to speak with geographical-targeted searchers in SoCal

searcher profile

January 03, 2024

by a searcher from Fordham University in San Diego, CA, USA

Hi everyone,

I'm a new searcher and new to the searchfunder community (this is my 1st post!). I've spent the past few months researching search funds/ETA and am now embarking on my own search.

Parameter-wise, I'm (currently) self-funded and seeking companies in the 750k-$2M EBITDA ranges in the San Diego county area. In terms of industries, I'm agnostic but am looking for high-recurring revenues, low customer/supplier concentration plus many of the characteristics typical of search fund acquired companies. I'd prefer digital/software businesses (that's where my industry experience is), but I'm open to any opportunities I come across.

I'm very interested in networking with searchers who have successfully acquired (or are in the processes of searching/acquiring) businesses while targeting a specific geographical area. Bonus points for searchers who have done that in Southern California. If any of you fit that profile and would be willing to help a new searcher, please comment on this post!

Much appreciated and I look forward to adding value to this community!

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commentor profile
Reply by a searcher
from University of Illinois in San Diego, CA, USA
Can you help us understand what help you are looking for in the request? This seems to be a very supportive community. I've bought in San Diego and it's a tough market. It sounds like - based on the software focus and recurring revenue character - you're seeking a SaaS business in SD with $1-2M EBITDA. I'm not familiar with the space, but EBITDA might not be your metric. You might be paying revenue multiples. If you're looking for a mentor to guide you through the process, their experience hunting in San Diego might be less helpful than someone who has acquired SaaS companies that are not dependent on location. In any case, congrats on making the commitment to buying a company. It's an exciting time for you. Stick with it.
commentor profile
Reply by a searcher
from Georgia State University in Los Angeles, CA, USA
Hey Everyone, Exciting news! We're organizing a meetup in Playa Vista on May 11.

Please make sure to RSVP using the link : https://www.eventbrite.com/e/los-angeles-searchers-meetup-tickets###-###-#### ?aff=oddtdtcreator


Can't wait to catch up with all of you!
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