Navy SEAL and entrepreneur looking to purchase and operate one business

searcher profile

December 03, 2019

by a searcher from Xavier University - Williams College of Business in Chicago, IL, USA

I am a Navy SEAL and entrepreneur looking to purchase and operate one business with my family of 5. My goal is to acquire a business and operate it for the long-term, while sinking my roots into the local community and honoring the previous owner’s commitments to employees, customers, and suppliers.

Below are the characteristics of the business I am seeking:

• Services business with $5,000,000-30,000,000 in revenue

• Owner seeking to exit in 0-2 years

• Demonstrated business or industry growth

• Strong cash flow

• Located in Illinois



Looking forward to getting plugged into the search community.

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commentor profile
Reply by an intermediary
from California State University, Los Angeles in Sacramento, CA, USA
Hey Sam
Happy to support you on this mission of buying a business in Illinois.

There is or there are a couple places I'd investigate if I were in your shoes asap. www.americassbdc.org. This is arm of SBA and provides no cost business support to people like you like help with a business plan, projections help, access to capital ect.
I'm a SBDC Consultant in Sacramento Ca. I teach teach and do access to capital.

What I think your criteria are doing for you is painting a limited sight picture. They are good things to look for but not giving you the full scope of a business health and future prospects of success.

If you'd like to get an idea of what the accessing the capital for such a company might look like, my clients can see all available capital categories, learn the pros and cons of each and can head out more educated or allow me to make direct introductions to traditional lenders and alternate capital redacted or###-###-#### c
thanks
Dan
commentor profile
Reply by an investor
from University of Notre Dame in Pittsburgh, PA, USA
Sam. Thanks for your service. To expand on the above I would note that veteran or other minority set aside businesses often have a hard time selling/trading to the public at large because the fear is most of the revenue comes from the preferred vendor status which would go away under new ownership- gives you an excellent opportunity to search in a less efficient part of the market. Figuring out how to do a targeted search should yield excellent results for people that want to exit but have had difficulty. Good luck
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