Starting my self funded solo-search

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January 16, 2023

by a searcher from University of Utah in Salt Lake City, UT, USA

Hello everyone in the wonderful serachfunder community and universe,

I have been following along on the this website for about 6 months now. I want to announce my intentions to purchase a business my goal is within the next year I am looking in the $750k - $1.5M EBITDA range in the Southeastern USA or UT, ID, CO areas. Industry agnostic but starting in the business services and consumer services industries. I am looking to get a SBA loan leveraged at 80-90% on the business and put a big percentage of the equity in myself then cover the rest with investors. I would like to purchase in the###-###-#### x EBITDA multiple. I would ideally like to end up with 100% - 60% ownership of the business.

The main help I need is references to business brokers or owners who have deals in those ranges.

Would love to connect with anyone and discuss searching and help out in any way I can.

Thank you,
Sean Tagge

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commentor profile
Reply by a searcher
from Northern Alberta Institute of Technology in Edmonton, AB, Canada
Dont set your bar too low - I started looking in the same EBITDA range you quoted, and ended up investing in a company in the $4-5MM EBITDA range (although with more owners than just myself).

Also, you'll gain a lot more traction if you narrow down the specific industry you would like to invest in. You can focus your search, and start developing indsutry specific knowledge which will slowly build into a competitive advantage.
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Reply by a searcher
from INSEAD in Vancouver, BC, Canada
Check out https://alignba.com/ and http://www.acquivest.net
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