The Insider’s Guide to Buying Businesses with No Money Down with Jonathan Jay [Ep.129]

<p><span style="font-weight: 400;">Buying a business is a great way to skip the queue and jump straight into generating revenue. That said, purchasing a profitable business isn’t cheap. </span></p> <p><span style="font-weight: 400;">But what if there was a way to buy a business by leveraging the business’s assets and cash flow to fund the acquisition? </span></p> <p><span style="font-weight: 400;">This clever approach is how Jonathan Jay buys businesses with no money down. Jonathan is a serial business buyer and the founder of</span> <span style= "font-weight: 400;">Dealmakers.co.uk where he teaches people to buy businesses without risking their own capital.</span></p> <p><span style="font-weight: 400;">In this episode, Jonathan joins us to explain his approach to no-money-down financing, diving into the types of businesses that are ideal for this strategy and how to</span> <span style="font-weight: 400;">structure the acquisition using the business’ cash flow. He reveals the common mistakes buyers make and explains which characteristics first-time buyers should look for in a business. According to Jonathan, </span></p> <blockquote> <p><em><span style="font-weight: 400;">“I encourage everyone to make your first acquisition a multimillion revenue acquisition. Go for the bigger businesses because you'll make more money. They're easier to finance, they're easier to buy. They run themselves better. They don't need you because bigger businesses have management in place already.”</span></em></p> </blockquote> <p><span style="font-weight: 400;">Jonathan also shares behind-the-scenes details of his pandemic buying spree, where he purchased 48 nursery school businesses in 37 months. He shares the challenges that he encountered along the way as well as the important lessons he learned, including:</span><span style= "font-weight: 400;"> </span></p> <blockquote> <p><em><span style="font-weight: 400;">“Buying a business is not about the business that you will own, but the person that you become in the process. You become a fa