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Any reputable business brokers with good inventory?

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mtnman

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Agree. Would stay away from FEI as overpriced multiples sometimes based on 3 month averages.

Know of any under the radar brokerages with clean reputable inventory? Just paid $10k to see another shitpot on Empire Flippers... garbage.
 

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MJ DeMarco

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mtnman

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Huh? You paid $10K for what?

It's a deposit system to open due diligence... they want to know you have the green before showing you the deets of a $900k offering.
 

MJ DeMarco

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Moved to a new thread, be interesting to hear what other's experiences are. @mtnman -- care to go in a bit more detail about your experience with Empire?
 

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The ones I know of are
  • WebsiteClosers,
  • Quietlight,
  • FEInternational,
  • The FBA Broker,
  • Empire Flippers (which you obviously mentioned)
  • AppBusinessBrokers.com
  • globalwiredadvisors.com
  • Latonas.com
There's also the Shopify Exchange.

I would stay away from Flippa unless you really know how to do due diligence.
 

biophase

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But you get the $10k back right?

I used digital acquisitions. If you are serious, get a buying broker to do all the looking for you. At $1m deal they are getting $40k to find you a business. It’s just like hiring a real estate agent.
 

mtnman

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Moved to a new thread, be interesting to hear what other's experiences are. @mtnman -- care to go in a bit more detail about your experience with Empire?

Thanks, I don't really have any experience with them, other than wasting my time looking at homes built on sand.

Maybe it's my fault expectation wise, but there's no way in hell I'm going to pay a mil + for a shady affiliate site that's gonna tank 8 months from now. Good racket though for the other side of the fence I suppose...
 

mtnman

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But you get the $10k back right?

I used digital acquisitions. If you are serious, get a buying broker to do all the looking for you. At $1m deal they are getting $40k to find you a business. It’s just like hiring a real estate agent.

Absolutely. After you look at several though, you realize the whole thing is a waste of your time. It's like investing in Lending Club in 2019.

Maybe a needle in a haystack comes along, I don't know? But I suspect they would snap it up themselves, leaving only the mediocre left in the marketplace.

Owner direct, private sale is where it's at... just takes a lot of outreach/numbers game.
 

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