Why should you never buy a business for sale?

I will show you how to buy companies for zero cash upfront without using lawyers or leverage

Businesses for sale are always the worst ones to buy, but why? - Find out inside this free (instantly downloadable) PDF report by best selling author and public speaker Jeremy Harbour.

Enter your details below to download your free PDF report.

We respect your privacy. You can unsubscribe anytime.
Jeremy listing his first company on the NASDAQ stock market

Who is Jeremy Harbour?

Jeremy helps entrepreneurs acquire businesses without using cash up front. In the past two decades, he’s bought and sold over 100 companies in dozens of industries all over the world. Just recently, Jeremy listed a company called “MBH Corporation PLC” with a 39 million euro market cap on the Frankfurt stock market.

Read more

Featured in the media including but limited to:

Inside this free report you’ll discover…

WHY YOU SHOULD NEVER BUY A COMPANY THAT’S LISTED FOR SALE

Buying a company for sale is like a doctor looking for patients in a graveyard.

If it’s listed “for sale”, it’s dead.

In fact, you’ll probably pay too much cash upfront, get ripped off and could end up chained to the business… sometimes for years.

Here’s why:

At the “for sale” stage, the business owner has mentally checked out of the game. For them, it’s just about the money now. You can’t negotiate a good deal.

Sadly, these arrangements were put together well before you entered the picture and there’s no room for creative negotiations. (Like an offer with no cash upfront.)

To make matters worse, you’ll often speak with a middle man , rather than the business owner. This could be their accountant, lawyer or broker. And what do these individuals want? The highest possible fee for their professional service.

You’ll compete with real (or pretend) buyers in a bidding war that balloons the price of the business beyond what it’s worth.

Unfortunately, people think it’s okay to borrow loads of money to meet the demands of the seller as long as the income covers the loan.

I call this the ‘buy to let mentality’. The idea that ‘if your tenant pays the mortgage you can ignore the price.

This is dangerous. Why? Because you don’t make money when you run a business. You make money when you sell it!

If you manage a business for 5 or 10 years just to pay the bank, you risk failure and sacrifice your most precious commodity of all… time.

Worse still, a small business for sale means the main manager (usually the owner) is about to quit. Are you ready to jump into his shoes?

Congratulations, you’ve just won a full time job!

Heck, if you do a LBO (leveraged buyout) and borrowed money to do the deal, not only are you a slave to the business but the money from the job goes to the bank for the next 5 to 7 years.

Not fun.

Property experts don’t buy houses from estate agent windows.

Likewise, you shouldn’t buy businesses from insolvency practitioners, ‘for sale’ websites or brokers.

Instead, look for opportunities that are NOT listed on the market. Seek out companies that are on the brink of insolvency, yet hang on by a thread.

Look for owners that think their businesses are worthless. The person who hasn’t paid their staff for weeks and is about to shut their doors.

So how do you find these business owners?

And if you find them, how do you create a win-win situation for you and the seller?

Find out inside this free PDF report. Inside you will also discover:

  • How To Source Deals:

    The long-forgotten 17th century technique to get past gatekeepers and capture the attention of distressed companies (One student secured 8 deals using just this one technique!) p.22

  • The Insider’s Buying Secret

    Forget seeking out insolvency practitioners or business brokers! Page 12 reveals why you should never buy businesses advertised “for sale”… and 3 places to find winning deals instead – p.12

  • How To Negotiate Deals

    The 11-word phrase that melts away friction from the bargaining process and creates a true win-win situation for you and the seller. p.16

  • How to Position Yourself

    Why you should not position yourself as a buyer and what to do instead… This rookie mistake could cost you years of wasted time, effort and missed opportunities. p.10

  • Secure Companies Without Cash

    The “perfect storm scenario” to secure companies without money down… Jeremy used this to secure a $12 million dollar sports sponsorship company with no capital and an IT company for £1. p.14

  • How To Structure Deals

    Did you know that cash is not your only bargaining chip to purchase companies? Discover 9 ingredients that make up your “deal pie” (One of them: Pay the previous owner partly with their own shares. Why would they accept this? Find out on Page 17.)

  • How To Maximise Your Sell Price

    Discover how Jeremy commanded an extra £100,000 when he sold an electrical engineering company. This simple “funnelling” strategy allowed him to sell a £150k company for £250k. How did he do it? The answer is on page 19.

  • How To Legally Protect Yourself

    Warning: Don’t make yourself director or shareholder when you buy a company. If you do, you might be one court case away from going bankrupt. Page 21 reveals the bullet-proof strategy that avoids legal sticky situations and protects your assets … use this to enjoy more security and peace of mind. p.21

“For me definitely exceeded expectations, many many times over.

Tony Messer - Investor, Entrepreneur, Speaker, Content Strategist & 5 Star Rated Author

“Pragmatic, practical and hugely valuable.

Nick Winton - Non Executive
Stephen Kennedy
Video Quote: "There are many other tools that I have learned that will add even more value but it's been absolutely well worth three days."
Simon Berry
Video Quote: "I'm very confident that I'm going to be able to do a lot with what I've learnt and people will hold me accountable"
Natalie Macaulay
Video Quote: "To be in a room with people who are questioning, like I am, the quality of discussion is incredible. Literally, I'm learning from every person I talked to."