Hello! I am located in Alaska and interested in doing a regional search. If you've done a regional search in the past, I would love to get your take on how it went and what type of investors you were able to attract. I am also interested to get your feedback if you've done one and it didn't work out. Thanks!
Anyone doing or have done a regional search?
by a searcher from University of Alaska Anchorage - College of Business and Public Policy
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We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
If your market is smaller there's the potential you could perform your search while maintaining your full-time job to give yourself a longer runway. It would be challenging to conduct a thorough search while working for 2+ years but I think it's possible, especially if you're in a smaller market and have a strong network to leverage for deal flow.
Lastly, if you're in a smaller market you need to be more flexible on the businesses you're willing to acquire and really consider non-sexy businesses (e.g. plumbing). You don't have the luxury of being picky.