Starting a search fund with my husband, any thoughts on the below?

searcher profile

July 25, 2024

by a searcher from University of Central Florida in Virginia, USA

My husband and I are starting a search fun, I am in financial DD and he is an MBB consultant. We have raised about $500k in capital and would like to buy a business between $1-2M EBITDA. We’ve looked at bizbuysell and loopnet, where else should we look for available companies for sale? We’ve been told this is a long process has anyone had success in identifying and acquiring a company in under a year? I feel like now with many boomers retiring there will be a surge in deal flow. Let me know thoughts!

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Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
Congratulations on starting your search. I have had clients start their search and land their first company within a few weeks and I have had others have it take years to find the right fit. For those who have found deals quickly I think the key has been having a relatively broad search either from a geographic perspective or from an industry perspective (or possibly both). The more confined your search is, the harder a time you will have. I have also found that those that do a proprietary search as well as look at brokered deals often are quicker to find a deal.

If you need any assistance from a financing perspective, we would love to assist you. You can reach me here or directly at redacted
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Reply by a searcher
from London Business School in London, UK
I am also starting a search fund with my husband and would love to connect - will DM!
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