Business Buying Strategies From The Dealmaker's Academy

This week Jonathan talks with Ray Burke, who started a business in the transport and haulage sector which he grew to a £500,000 turnover operation after six years. However, after three acquisitions in eighteen months, he has increased his group business turnover to £3.4 million. Key Highlights [01:26] Ray Burke's business background [04:21] How Ray looked for and shortlisted potential business to buy [05:05] Ray's first acquisition [12:01] What has changed for Ray since the first acquisition? [13:10] The second acquisition [18:20] The third acquisition [20:58] The mindset of running a group rather than a single business [27:05] What advice would Ray give to new business buyers? Notable Quotes So I structured a deal that I could use invoice, finance and cash in the bank to make that completion payment. If you want to buy a business you need to try and buy five, and then you might end up with two or three maybe if you're lucky. So the benefit of being the owner of a larger group is that you've now got a bigge