SELF FUND VS EQUITY PARTNERS?

I have looked at roughly 50 businesses that are for sale in the area that I live in. I have seen lots of businesses with growth potential that are currently in the $1 to $2 million EBITA range. The owners typically want a 5-7x multiple which is out of my price range to self fund. I am curious if anyone has any experience with purchasing a business with equity partners versus purchasing a smaller business that is self funded or self/debt funded. Any replies or suggested reading would be appreciated.



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