In this episode, Dan is interviewed by Julie Whitmore from Your Property Network. He talks to Julie about his business model that he uses to build success time and time again for failing business acquisitions. Listen in to hear Dan talk about why focusing on businesses in decline for your acquisitions can be a great way to diversify your portfolio, create long-term financial gain and actually decrease various risk-factors. He delves deep into which things to focus on when doing your due diligence and research and how to ensure the right choice of acquisition. He also talks about real-life acquisitions he has done providing a case study to give context for his methods.
KEY TAKEAWAYS
- One of core things Dan looks for with business acquisitions is for an opportunity for alternative use or different demand in a failing business. As this is a great way to buy a business and successfully turn it around.
- Buying a failing business that also owns its own commercial real estate is a very good opportunity. You just need to ensure that you have the right education and have run all the right numbers to make the best deal.
- When considering commercial conversion into residential, it's worth bearing in mind the difficulties we have faced in the past two years with the pandemic. Making studio apartments for example, is less risky than a HMO.
- Dan's method is sector specific, it's about failing businesses. It can be applied anywhere, regardless of location.
- When buying a failing business, a lease option with an MBO can give you room to put the longer-term plan into place.
- Long-term thinking is a big part of Dan's methods success. It decreases the risk of the project as well as providing a cumulative capital gain across the years.
- It possible to pay for a planning officer to work on your major application, this is especially helpful at the moment because planning departments are so behind because of the pandemic. This saves you a lot of frustration and will allow things to happen and move forward much quicker.
- The simple act of buying failing businesses with owned commercial property is that when you separate them, you're forcing capital appreciation which means you are de-risking the whole project.
BEST MOMENTS
“You don't just jump into these things, you have to do research”
“Never do a Kevin Costner and build and hope the demand comes, ensure the demand is there first”
“When I look at things, I try and look at things with Japanese-long term thinking”
“It's a planning game”
ABOUT THE HOST
Dan Taylor
Dan has completed over 36 transactions with a value in the tens of millions, though more importantly, he has added significant value by combining creative commercial property strategies and business buying strategies.
Working with existing property investors and SSAS Pension owners. Dan helps accelerate your income, grow your wealth and reclaim your time to live life on your terms.
Dan believes acquisitions are simply the fastest route to create cash flow and generational wealth.
Dan loves to help investors create cash flow and grow their wealth by investing with him.
Dan and his team do the deals so you don't have to.
Do you have a SSAS Pension or cash that's not producing income and simply don't have the time to do it yourself, then get in touch and if you qualify you may be able to invest with us acquiring businesses and commercial property.
CONTACT METHOD
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