A Potential Investor Reached Out To Small Business Owners Asking, 'What Are The Best 'Boring' Businesses To Buy From Retiring Boomers?'
Business brokers joined the discussion to offer clarity. “Do not focus on popular business industries,” one wrote. “The right opportunities are the ones that match your interests, experience, skills, location, and budget.”
The Financing Side Of Things
The original poster was hoping for a deal where the seller would finance half. Several people pointed out that seller financing isn't as common as it sounds on social media. “In the U.S., sellers prefer buyers with [Small Business Administration] loans because they can receive 80-100% of the purchase price at closing,” the business broker explained.
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That means with $100,000 down, a buyer could potentially go after businesses worth up to $1 million using a mix of SBA loans and seller notes. But the reality is more competitive than many realize.
A few veterans of the small business scene gave OP a friendly dose of realism. “You are not going to find a stable 100K profit business for your 100K down, 100K loan,” one person warned. “That only happens in TikTok fantasy stories.”
Still, others offered encouragement. “My friend who purchases businesses from 60+ owners looks for poorly run but profitable businesses that he can go in and clean up,” one person said. “Usually takes him about a year to get them up to speed, then he moves onto the next business.”
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