Moving To The Middle of Nowhere to Buy a Business

July 05, 2023
by a searcher from The University of Texas at Austin - Red McCombs School of Business in Dallas, TX, USA
Does anyone have experience with this?
I am evaluating a company with great fundamentals and a highly favorable valuation, but would require moving to a town of 10,000 people.
I've only lived in big cities, so this would be quite the change of pace. I'd be leaving all of my friends behind.
Bored in my current role but a little bit concerned this is too far off the reservation.
Would like to hear other searchers experiences in leaving behind everything they knew to go run a company and how they avoided loneliness in the process.
from University of Minnesota in Minneapolis, MN, USA
I would say, based on your post, the biggest problem might be making new friends since small towns tend to have pretty established social circles that can be tough to crack. Another thing to consider is that, if you really hate the small-town life to the point where you want to get out after a year or two, selling the business might be more difficult than if it were in a metro area.
Go visit the town where the business is located and spend a week or so there. I bet it's not as boring as you think.
Good luck!
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA