Navigating the Acquisition Process: Lessons from a Failed Deal w/ Jarryd Osborne

Member resources:

Frequent asked questions:

What is Searchfunder.com?

Searchfunder.com is an online community of searchers, investors, lenders, brokers and other professionals. Over 80% of those involved in searchfunds maintain a Searchfunder account to help them network, hire, and mentor others.

What are the benefits of membership?

In addition to accessing the most active online network of business buyers, Searchfunder licenses research that is simply not cost effective for individuals. Access over 15,000 industry reports and 50,000 transaction financials. You also get monthly credits for contact information for your company sourcing campaign with the option to purchase more at drastically discounted rates. Searchfunder has pre-purchased access from these data providers in order to empower individual buyers and to help searchers level the playing field versus private equity.

Do you have deals?

While we are primarily a buy-side network, we do have hundreds of brokers that regularly post deals to the community.

Can I find an internship on Searchfunder?

Absolutely! We have the industry's largest intern job board. If you are considering a search, the first step is to help another business buyer so you can hit the ground running.

What does it cost?

Searchfunder is a subscription service. We offer flexible monthly, annual and lifetime memberships.

Monthly

$79 / month

Annual

$19 / month

Lifetime

$432 / once

Those who maintain an account with us for over 4 continuous years are permanently added to the community without the need for a membership.

Do I need an MBA to join?

While a large number of our members come from dedicated programs at Harvard Business School, Stanford GSB, Chicago Booth, and other top programs, searching is no longer reserved for the elite. With the current abundance of dry powder in private equity, and an increasing number of business owners reaching retirement age, good deals rarely go unfunded.

Post a question, deal, job, etc...

Make a post...

Complete registration to post.

by a lender from University of Redlands
in Fort Worth, TX, USA

3yrs ago

Navigating the Acquisition Process: Lessons from a Failed Deal w/ Jarryd Osborne | Ep. #18

Jarryd Osborne shares his experience in searching for a business to buy and the challenges he faced along the way. He emphasizes the importance of building rapport with sellers, finding the right lender for financing, and conducting thorough due diligence. Jarryd also discusses his transition from searching for a business to becoming a business advisor. Key Takeaways: • Building rapport with sellers is crucial in the acquisition process. • Finding the right lender is important for securing financing. • Thorough due diligence is necessary to ensure a successful acquisition. • Transitioning from searching for a business to becoming a business advisor can be a natural progression. --------------------------------------------- CHAPTERS 00:00:00 Introduction 00:00:38 Background and timeline of the deal 00:06:06 Jared's background and experience 00:09:26 How Jared found the business he worked on 00:14:38 Due diligence process after loan approval 00:18:34 Reasons why the deal didn't end up closing 00:31:39 Transition into advisory role 00:33:34 Process of advising buyers and sellers 00:35:13 Appetite of investors 00:39:17 Jared's role at Riviera Capital 00:39:58 Investors' appetite for deals 00:40:02 Private equity firms buying smaller businesses 00:40:30 Difficulty obtaining capital in the past 00:40:45 Impact of private equity on valuations 00:41:00 Private equity's effect on cash flow 00:41:16 Level of activity in the marketplace 00:41:49 Surprising level of activity during COVID 00:42:13 Jared's experience in raising capital 00:43:20 Evolution of business acquisitions with SBA lending 00:43:23 New SBA guidelines for ownership in acquisitions 00:43:40 Interpretation of new SBA rules 00:43:52 Change in personal guarantee requirements 00:45:08 Concerns about partnerships breaking down 00:45:30 Seller's personal guarantee requirements 00:45:39 Loosening of down payment requirements 00:46:10 Jarryd's approach to life and opportunities 00:46:14 Jarryd's potential return to searching for a business 00:48:19 Jarryd's mentors and approach to finding mentors 00:49:44 Motivation for financial success and freedom 00:50:49 Where to find Jarryd Osborne 00:51:16 Conclusion and contact information __________________________________________________________________________________ DISCLAIMER: The views and opinions expressed in this program are my own and/or those of my guests. They do not necessarily reflect the views or positions of my employer.

0 Likes

1 View