100% Seller-Financed $8 Million Dollar Deal to Raising a $100 Million Acquisition Fund

Top M&A Entrepreneurs

100% Seller-Financed $8 Million Dollar Deal to Raising a $100 Million Acquisition Fund
Summary
Renan Cortez, known as the unicorn guy, shares his journey of buying an $8 million Restore Pro Franchise business with 100% seller financing and his subsequent launch of Syndicate Venture Group. He discusses the importance of building relationships with sellers, using a virtual assistant to find off-market deals, and evaluating financing options. Renan emphasizes the benefits of seller financing and explains how he calculates the net profit for the seller. He also shares his strategy of targeting larger acquisitions in the capital improvements and restoration niche. Renan highlights the importance of networking, raising capital, and staying focused on niche markets for higher multiples. Renan Cortez shares his experiences and insights in building a successful investment fund. He emphasizes the importance of networking and being in the right room to meet influential people. Through his connections, he was able to meet Joe Williams of Keller Williams and Harry Doblinski, a prominent figure in private equity. Renan also discusses the process of building a legal team and the importance of having reputable professionals. He explains his fund structure and offering, focusing on simplicity and realistic return expectations. Renan highlights the challenge of growing too fast and the need for a strong team to support the growth. He also emphasizes the importance of checking ego and surrounding oneself with the right people. Renan's wife is a significant source of support in his journey. He encourages listeners to reach out to him for networking opportunities.
Takeaways
Building relationships with sellers is crucial in acquiring businesses.
Using a virtual assistant can help find off-market deals and save time.
Seller financing can be a viable option for acquiring businesses.
Calculating the net profit for the seller and presenting the benefits of seller financing can help secure deals.
Focusing on niche markets and targeting larger acquisitions can lead to higher multiples. Networking and being in the right room can lead to valuable connections and opportunities.
Building a reputable legal team is crucial for an investment fund.
Simplicity and realistic return expectations are important in fund structure and offering.
Growing too fast can be a challenge and requires careful planning and a strong team.
Checking ego and surrounding oneself with the right people is essential for success.
Having a supportive spouse can make a significant difference in one's journey.
Reach out and network with others to expand opportunities.