Bryant

TN to MO. Finance guy obsessed with processes. Finance and Ops experience in manufacturing, ecom, catering and events. Recovering SMB searcher.

[Bryant @MidTNSearcher]

I’m an accounting/finance guy who’s way more interested in operations. After a few years on the sidelines, I’ve started searching for a small business to acquire in the Nashville area.

[Bryant @MidTNSearcher]

@WeddingVenueGuy Your DMs are locked, but I’d like to talk about it.

[Bryant @MidTNSearcher]

@arestaurant_guy @rhpMike My take on this is from the employee perspective you have to ask “why did it take the threat of leaving for you to pay me what you clearly agree I’m worth?”

[Bryant @MidTNSearcher]

@bairdk Could you sell some of the receivables/income stream? I’m thinking like a longer term receivable factoring. Not sure if that’s done in your industry, but I’ve seen it used in ecom and similar.

[Bryant @MidTNSearcher]

@FrankScapp Pellet ice as an upsell. CFA sells it by the bag,

[Bryant @MidTNSearcher]

@Thefrugalgay11 Yank it out, but list it on a vintage site or fb marketplace. Somebody thinks it’s cool enough to pay a few hundred.

[Bryant @MidTNSearcher]

@EvansTylerB Depending on their needs, I could help.

[Bryant @MidTNSearcher]

@SBA_Matthias SBA question for you: I’m looking at a business with real estate. It includes an owner’s apartment. Can I buy with a 7a loan and live there?

[Bryant @MidTNSearcher]

@a_food_maniac This is an excellent idea, customs boxes are a racket. If you move forward with this, I’d be very interested in helping however possible.

[Bryant @MidTNSearcher]

@StorageDataDev @nhopwood1 @randyengel Could you provide more context? What was your background/skill set beforehand?

[Bryant @MidTNSearcher]

@arestaurant_guy Having a complete GMB listing is huge for this and most screw that up. My husband has done this for a huge corp for a living, Happy to arrange an intro or audit if you’d like.

[Bryant @MidTNSearcher]

@Hayden__Slack The sellers wife started working “a few hours a week” at the business in January 2021

[Bryant @MidTNSearcher]

@MrFamilyOffice That’s definitely a Willie Sutton quote. One of the most prolific bank robbers and a fascinating guy. Highly recommend his autobiography Where The Money Was.

[Bryant @MidTNSearcher]

@shawngorham Does he have too much cash tied up in inventory?

[Bryant @MidTNSearcher]

@pslohmann We’ve got the dusty everything, sloppy seams, missing paint, paint on the fixture, dinged up walls. Did I miss anything?

[Bryant @MidTNSearcher]

@arestaurant_guy Worked at a high-volume rooftop bar in college. New GM came in and asked every bartender “how many olives in a martini?”
Set a garnish standard the next week, saved a few hundred bucks a month.

[Bryant @MidTNSearcher]

@jeremynickmoser Thank you for this. Currently trying to get ballpark pricing on home projects to put together a priority list and it’s infuriating.
Just tell me how many zeroes will be on the price, give me literally anything. Please.

[Bryant @MidTNSearcher]

@Whitney_Sheph A couple of things I’ve seen:
1. Lets the owner offer a super low list price & make up the difference
2. The Airbnb manager runs a cleaning service & is fleecing the owner
3. Greedy owner
4. It’s actually that expensive to clean (rare)

[Bryant @MidTNSearcher]

@NNNIncome Electric lawn tools are like electric cars: they’ll do the job for 90% of people 90% of the time and those other cases mostly just require better planning. But everybody focuses on those outliers are proof they’ll never work.

[Bryant @MidTNSearcher]

@arestaurant_guy There’s no way to do this without your staff feeling cheated. The morale hit is not worth the money.

[Bryant @MidTNSearcher]

@bibelhausen Get in a room with somebody you’re paying. You talk, they take notes. Get it all out. Afterward, have them bullet point your monologue, that’s your action item list.