SBA Default rates are low, but not zero
Every year, dozens of business buyers file for bankruptcy
Buying a business is inherently risky, and your riskiest business acquisition is your first. Some miss things during due diligence, others encounter cash-flow constraints. However, most fail due to a misalignment with the seller.
Why Do Acquisitions Fail?
This FREE email course walks you through 7 lessons-learned from failed business buyers.
Buyer Beware
These are the real stories of business buyers who have acquired a business and failed. During bankruptcy, many buyers sign non-disclosure/non-disparagement agreements as a condition of their settlement with creditors, lenders, sellers, and investors. These are their stories and lessons learned.
$4.2M
The median amount of personally-guaranteed debt buyers are left with when a business defaults.
65%+
The number of business buyers whose failure is directly attributed to misrepresentation by the seller.
24
The number of people I've interviewed who acquired a business within the past 5 years and declared bankruptcy.
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1:1 Consultation
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$150
Start Searching challenge
Are you ready to start searching for a business to buy but don't know how? Join the 5-day "Start Searching Challenge" and learn the strategies to kick-start a successful self-funded search.
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Hi, I'm Jed
I'm the author of the upcoming book Buyer Beware and the weekly newsletter Still Searching.After conducting a self-funded search, I bought two landscaping businesses in Southern California. Eight months later I declared bankruptcy with $1 million in personally-guaranteed debt.Now, I use everything I've learned to help current and future searchers reduce the chances of experiencing failure.