Part 6/8:
- Auto Repair Shops: Necessary for maintaining personal vehicles, auto repair businesses produce stable cash flow, typically offering margins of 30% to 50%.
Finding and Acquiring a Business
Beyond identifying target sectors, Kenny also stresses the importance of the acquisition process. He breaks it down into manageable steps:
Research Online Marketplaces: Websites like Bizbuysell provide listings for businesses that are up for sale. Investors should focus on identifying high-revenue, cash-flow-positive options.
Reach Out to Brokers: Building relationships with business brokers can yield future opportunities. Establishing a network can heighten the chances of finding the right business to acquire.