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Latest / Acquiring Minds

Buying a Business to Build a Life

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How to Run a 2-Year Search in 2 Months - Nov 1 - https://bit.ly/48sjkh9

Seattle-based Dan Drake & his wife wanted to raise their kids in Bend, Oregon. Buying a business allowed them to do it.

Topics in Dan’s interview:

His search in Bend, Oregon

Understanding negotiation tactics

Bundling the real estate with the business

His seller-financed deal

Renegotiating after sales dipped 20%

Pros and cons of having experienced staff

Explaining balloon payments

Giving back to Central Oregon

Meeting with top customers to understand their needs

Improving inventory management and…

The skinny

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