TYPES OF BUSINESSES PEOPLE LOOK FOR
The more I talk to people who are involved in search funds, the more I find that everyone is obsessed with finding the canonical "enduring niche" companies that are written about in all the search fund material.
However, the more I do my search (mostly via brokered listings), the more I find the "boring", "low end" businesses like car washes and laundromats to be extremely attractive.
Am I the only who loves car washes and like, Dunkin Donuts franchises? Why do everyone else ignore them? Am I overlooking a massive potential pitfall here?