I Help Business Owners with $1M-$25M Maximize Their Exit
I sold my software business and now I sell privately held and family businesses with $1M – $25M in revenue.
Building and selling my online software business was the most rewarding business endeavor in my professional life by far. There’s nothing more interesting and exciting to me than building and exiting a business and I’m honored to be able to help other business owners do the same.
I bought my first business with a partner, the local bike shop, at 15 years old in 1989. I didn’t know much about business at the time but I knew I wanted an opportunity to earn more than an hourly wage. The fire was lit.
During the first Dotcom bubble I sold software and training banging out a minimum of 100 dials and 2 hours of talk time each day. I then upgraded to selling software to the Fortune 1000, Federal Government and strategic accounts. Those of us who were there remember the wheels coming off and that’s exactly what happened to me as the company I worked for reduced staff then closed.
Determined not to be subject to anyone’s layoffs or to be selling vaporware anymore I found real estate. I was lured by an industry where there is infinite product and the only ceiling is self-imposed. I quickly moved into investment property and worked with developers and investors to find, buy, and often flip real estate in and around Boston.
A whiff of froth was in the air as the frenzy peaked heading into 2007 and in a stroke of perhaps luck or perhaps clairvoyance I turned my attention to distressed assets and became a commercial real estate auctioneer.
Nobody as deep in real estate as I was came out of that period unscathed. But I was fortunate to be on the frontline when the distressed sales started. I’ve been involved in the sale of hundreds of commercial and investment properties and paper including whole office parks, shopping malls, multifamilies, hotels, gas stations, and many more.
During that time I discovered how to know which banks and credit unions had distressed assets to sell and who to talk to about it. I created BankProspector and built the site DistressedPro.com. I grew that business for nearly 13 years and it gave me the opportunity to achieve financial freedom. I could suddenly be wherever I wanted whenever I wanted without worrying about money.
I optimized my business so that it was extremely profitable and truly ran itself, implementing systems and processes for all aspects.
When it sold I had 6 competing LOIs and we closed all cash in just 15 days.
And today I would be honored to help you maximize your business exit.
