So Ive exhausted almost every business for sale website and all of my local brokers. Im thinking of sending out emails to a long list of businesses I'm interested. Has anyone ever used this technique and if so, what worked for you? Thanks again!
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Another benefit is that you can "pre-quality" on the call casually, such as making sure they meet your minimum rvenue target.
With that, I have found remarkable success walking in the door of businesses I’m interested in — 100% of them are not for sale — and getting time with the owner. If nothing else, they’re flattered someone thinks their business is worth something. It’s like they are so entrenched in the day-to-day and know the skeletons, they don’t think anyone would ever want to buy them. And they feel stuck. So you never know. None of these deals have worked out for me yet, but I’ve grown my sphere by meeting business owners in my chosen field. And one of these times, the iron is going to strike.
So I have no experience with mass-sending letters. But I think you’ll get a much better response by knocking on doors and engaging one-on-one.
Good luck!