Buying 21 Businesses in 8 Months with Jonathan Jay 2023
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- Опубліковано 13 кві 2023
- Your free training on how to buy a business without cash is here: bit.ly/3VVTMFd
If you're interested in buying an existing business and how you create an acquisition strategy, this video is for you.
In this video, business mergers and acquisitions expert Jonathan Jay introduces us to entrepreneur Darren Jacobs, who purchased 21 businesses in just eight months. Darren shares his story and tells us how he achieved this incredible feat.
He started by sending out 1,500 letters in June 2020 and received over 300 responses. The response was incredible because the hairdressing salons were closed, and people had time to reflect.
The goal was to buy 20 salons to create an impact, get noticed by the big names, and tell investors a story. He achieved his goal by buying 21 salons in eight months. The approach was disciplined, looking for salons of a certain shape and size that were not reliant on their owners' revenue contributions.
Darren Jacobs did not want to create a new job for himself - he had retired at 40 - so he created a group hierarchy and put relevant resources in place. He was able to re-engineer costs and increase trade within the landscape of the businesses he acquired.
Jonathan Jay and Darren Jacobs talk about the challenges and rewards of buying small businesses, and share tips on how to purchase an established business successfully. They also discuss how to finance acquisitions, and why borrowing money using your house as collateral may not be the smartest way of doing it.
They share their tactics in leveraging lending to fund acquisitions, and how being known in the industry as an acquisitive company can help generate inbound inquiries and create a negotiation advantage.
Jonathan Jay and Darren Jacobs discuss the importance of having a disciplined approach to acquisitions, and being willing to exit businesses that are not performing well. They also talk about the benefits of having a corporate structure, with holding companies and separate legal entities for each business, to manage risk and enable quick disposals.
Darren Jacobs shares some of his key learnings, including the importance of setting clear targets, being disciplined about the businesses you acquire, and not losing sight of the fundamentals of a good business.
He also talks about the benefits of acquiring businesses, including the ability to expand quickly, open doors in the industry, and increase the value of your overall group.
If you're interested in learning more about business acquisitions, mergers and acquisitions, and how to buy an established business, this video is a must-watch.
If you enjoyed this video and would like to take the next step to learn the best ways of buying a business, without risking your own cash, you can access my free training at bit.ly/3VVTMFd
Thank you!
Just wanted to know how the acquisition of salons were done without putting his own money ?
Hi Jonathan, great videos thank you. Could you do a video on how to structure at group level, in support of the individual companies? For example, someone who overlooks all company finances, and marketing? Chief Support officer? Thanks
Golden. Thank you! 🙏
You're welcome!
loving it
why two holdings above the individual companies and not one?
Is this man the founder of RUSH hair salon.?
Can I start This with no money and no business?
yes you can
Why is the word "pandemic" removed every time it's mentioned?
Because UA-cam has an issue with it