Carl Allen is the founder and CEO of Dealmaker Wealth Society. He believes anyone can close and own cash flowing businesses, with little to no external capital, and actually have the sellers of those businesses thanking you.
At TheInvestorShift.com, he talks about making the switch from real estate investing to acquiring already profitable businesses that you don’t even have to run yourself.
Too good to be true? Let’s find out.
Read on for my Carl Allen review.
What are the advantages of buying businesses as compared to investing in real estate?
According to Carl:
- Stronger cash flow
- Less upfront risk (lower or no down payments)
- Abundant inventory
- Practically no competition when bidding on deals
- Faster breakeven point
- And revenue growth opportunities are unlimited
Carl would know. He’s been doing deals and scooping up businesses for almost 30 years now.
A few billion in sales later, the guy’s probably learned a thing or two, hasn’t he?
And get this: he says there’s 2.6 million small businesses for sale right now, throughout the US, UK, Canada, and Australia. And only 1 in 11 will sell within the next 12 months.
How come? There’s not enough buyers who know (or follow) a proven process like Carl teaches inside Dealmaker Wealth Society.
That, or they don’t even try. “I don’t have millions in my bank account, so acquisitions clearly isn’t for me,” they reason.
When the reality is, they just need to figure out how to leverage OPM: other people’s money.
So, assuming you can pull it off, what’s a perfect deal look like?
You should pick a sector that you have at least some knowledge and passion for.
Yet, post purchase, you shouldn’t have to run the company if you don’t want to (you could just hire a GM).
Ideally, revenue is between $500k and $10 million a year.
There’s of course gotta be room for you to add value after you take the reins.
Oh, and you want the seller of the business to be distressed. Over it. Ready to retire or start that next chapter of life.
Okay, how do you find these dream deals?
- There’s business brokers like BizBuySell.
- Relationship networks: talk to your lawyer, your CPA, your banker, wealth manager, any business buddies you have.
- Direct approaches, where you just email or DM or call up businesses you’re interested in.
- And then you can always leverage social media, either organically or even using paid ads.
The more creative you are, the more you think outside the box, the less competition there’ll be.
What’s a typical deal structure look like once you find a winner?
Well, you agree on a total purchase price, right? Subtract any existing debt. Negotiate a small closing payment. And then the rest would get paid off, in installments, over time.
Now how do you get paid? Three ways. Surplus cash from financing, monthly cash flow as the new owner of the business, and then (hopefully) a big payday when you decide to flip it one day.
Instead of getting 8% ROI on buy and hold real estate, you could easily see 200% or more with acquisitions.
Want Carl to coach you through each step? So you can go out into the marketplace and actually do this for a living?
In fact, once you complete the training, you’ll be able to make a fully funded offer (and have it accepted) on your dream business within the first 10 days, guaranteed.
And that’s just with his 10-Day Launch course, which costs $197.
From there, you can go deeper, enrolling in one of his more advanced (and expensive) Dealmaker courses: Launchpad, CEO, Academy, or Empire.