{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Vincenzo Landino Show","title":"144: The Ace Formula on How to Buy a Business","html":"","width":"100%","height":180,"duration":1913,"description":"Rescuing small businesses is all the rage on television. Whether its Jon Taffer with Bar\nRescue, or Tabitha Coffey’s Salon Takeover. Despite the fact that none of them do it, these TV\nshows are fueling interest in a new trend. Move over Real Estate Flippers, Ace Chapman is\nbuilding a nationwide group of business flippers.\nAce bought his first business at 19 with some savings from a summer job and caught the\nbusiness buying bug. He leveraged $3,000 he saved working the summer before college into\nbuying a business for $70,000. Over the last 16 years he has bought 40 businesses.\nEverything ranging from a Mortgage Company to a Clothing Retailer.\nAnd right now he is seeing an explosion in the market for businesses under $2,000,000. “There are millions of Baby Boomer business owners who will bring their business to market in the next decade so they can retire. During the recession, many baby boomers wanted to sell their company but decided to hold off until better economic times.”\nAt the same time many entrepreneurs are realizing the risks associated with starting from scratch are too high and are deciding to buy an existing profitable business instead.\nBusiness sales saw a spike in 2013. While we saw a 68% increase in 2013 according to BizBuySell.com, business brokers expect 2014 to be even bigger. And while private equity firms are well positioned to take advantage of this increase in inventory, very few are paying attention to what Ace calls the Micro Private Equity Market.\nAce began working with first time business buyers of business buyers and helping them find, do due diligence, and finance small business acquisitions. “I have had a lot of people who find me and ask to invest in my deals. I’d rather show you what I am doing than take your money and have to split my returns.”\nSince starting his network of business buyers he has helped members close deals all over the country. From 2 Sylvan Learning Centers in Seattle, to a Software Company in Pittsburgh and from a...","thumbnail_url":"https://img.transistorcdn.com/2mROYySKhgQfl9TCQLD9syx9ZzKG_x6vddA4dcWJniw/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zZjQ3/MWEyY2Q4YjRhMjEz/Mjk2MzA2NDcxNDI3/ZTNhMi5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}