Your free training on how to buy a business without cash is here: https://bit.ly/43E5TIE

Are you interested in acquiring a business but don't know where to start? In this video, business mergers and acquisitions expert Jonathan Jay sits down with John Graves, managing director of Northern Telecom, to discuss the ins and outs of business acquisition strategy.

John Graves has built an empire by acquiring distressed businesses. He shares the story of how he got into the acquisition game, starting with buying a hotel and golf course out of administration. He provides insights on the due diligence process, what to look for, and dealing with unexpected challenges.

You'll also learn about John's unique approach to acquisitions, how he acted on gut instinct and worked on the value of the assets.

John acquired an SMS marketing platform company with Stephen, who he met in a Dealmaker’s Academy Mastermind session. The company was turning over £500,000 a year, and they bought it for £20,000 from an insolvency practitioner. They ran the company successfully and sold it after eight months for £70,000.

Jonathan Jay and John Graves dive into the importance of having the right team in place, including insolvency lawyers and practitioners, to help navigate the complex process of buying an existing business.

They discuss the challenges and rewards of acquiring a business, as well as the benefits of growth through acquisitions compared to the cost and effort of hiring salespeople. The discussion highlights the importance of having an acquisition strategy and identifying the right business acquisition companies.

They touch on the risks involved in purchasing a business, such as structuring the deal incorrectly or not understanding the game that administrators play. However, by buying a business at the right price and with a solid understanding of why it became insolvent, you can take advantage of a unique opportunity to gain customers and streamline operations.

If you're interested in learning about the acquisition process, how to buy a business from an insolvency practitioner, how to buy an established business, and the benefits of buying a small business, then this video is for you. Watch this interview and discover the secrets to building a successful business through acquisition.