Codie Sanchez and Ryan Snow built Unconventional Acquisitions to show you how to buy small businesses that are profitable without breaking the bank.
Codie says that this is the real way to build up wealth. You want to go from employment to ownership.
But why buy instead of building a startup from scratch?
Ryan says that realistically there’s over two and a half million businesses for sale in the US. Most of these owners are just looking to get out. And only 1 out of 10 actually will make their exit in the next 12 months.
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Easy math says that leaves millions of baby boomers ready and eager to sell if you come to them with the right offer and approach. Do that, and they might just hand over their baby in exchange for hours on the golf course each day.
It’s also a great way to jump straight into passive income. It’s an investment size similar to that of Real Estate, but with the caveat of making 10k+ in cash flow each month. If you were to start something new, odds are it would take years to build a number like that up.
“It’s just a better way to income stack,” Codie says.
“I’m looking at buying another laundromat this week. It does about $100,000 in revenue. I want to aggregate a bunch of them and sort of add them to an operator-investor portfolio,” she adds.
You also get way more control and certainty. During the pandemic, unemployment reached a high of 13%. And let’s not even get started about how AI is threatening most jobs. You need to get something else started, something that no one can take away from you.
It’s also a great option because you don’t have to quit your day job right away either. You can if you want, but it might be a better idea to hire someone to run it in the meantime so you don’t stress yourself with all the extra hours.
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“By being able to buy into a business,” Ryan says, “and helping someone else get out of that business – without having to close it down and walk away with nothing?”
“You’re giving them a future-facing income for the next 5, 10, 15 years. And you take that financing, subtract it from what the business was already netting, then you add your new ideas and new hustle to it?”
“And now, you can actually create a full-time income while paying for the business and building equity in something that you actually own,” Ryan explains. “And then eventually, you hire more leverage so you have complete freedom and passive income.”
So if you get after like Ryan and Codie, you’ll be able to rinse and repeat this process over and over again with a different business acquisition time after time.
Sometimes you’ll be able to buy businesses that help serve each other. For example, one of their Unconventional Acquisitions students bought a strip mall, landscaping company, and HVAC company. The landscaping and HVAC company will help service the strip mall when needed.
Inside the Unconventional Acquisitions course you’ll be taught about all the different types of businesses to go after, how to find them, how to negotiate with the small business owner, and how to use seller financing, and little or no money down. Plus some other cool things like making sure theres a smooth ownership transition and how to scale.
The downside here is the pricing structure. For your first year it’s $8,800. After that, the price goes up for the following year when you renew your membership.
And there’s no refunds for any reason.
And if you thought there’d be refunds…I hate to break it to ya, but they don’t do em’.
