Distressed businesses with Andy Cagnetta and Jessica Fialkovich

Transcript

Andrew and Jessica are diving deep into the topic of distressed businesses, which are the ones that will not be sold at their value; these businesses are in trouble or have a huge amount of assets that impact on their value. The key when selling a business in distress is finding the right buyers who are taking advantage of an opportunity to acquire assets at a lower price. Listen to real cases of businesses that were barely making or losing money and still were good acquisition deals for buyers.

Listing of the week: Rich Heaton (Charleston, South Carolina) presents a listing that checks all the boxes! Signs and graphics industry in business for 27 years. A simplified business model, perfect for a first-time entrepreneur. High profit numbers! Amazing growth opportunity! Price: $965,000. Valued at $1,210,000. Sellers are ready to move on with their lives and are giving a 10% discount!

Key Takeaways

Key takeaways:
[:35] Distressed businesses.
[1:45] Finding the opportunity in assets sales.
[3:15] Reasons for a business that goes wrong.
[5:17] Lori Karmel’s business story acquiring a suffering business.
[9:05] Growing a company.
[12:24] Becoming one of Oprah’s favorite things.
[13:51] Moving forward to a second company.
[15:37] Buying a cookie company as an asset sale.
[18:25] As a plus getting immigration status.
[21:44] Deal of the week: When your first offer is your best offer!
[23:03] Erin Bean (West Palm) about a tequila company sale.
[25:49] Reaching internationally to find the best buyer.
[26:07] Listing of the week: 10% off the valued price
[30:44] Linnea Westlake (San Diego) a deal from a business that wasn’t highly profitable but still represented value.

Mentioned in This Episode

• Green Leaf Massage and Sports Recovery
• United Franchise Group
• Transworld Business Advisors
• Transworld on LinkedIn
• Transworld on Facebook
• Email us
• We take the Cake