0049 - How He Bought a $3M Business With Almost No Money Down

Episode notes

In this repeat-guest episode, Tim welcomes Jimmy Feeman back to the show after Jimmy successfully closed on a subcontracting business in Montana. They dig into what actually happened between "I want to buy a business" and "I finally bought one". The conversation also explores how Jimmy evaluated the deal, why he brought in a partner, what he is changing first, and why persistence matters more than people expect when trying to acquire a business. Tim is an entrepreneur who believes everyone should explore the opportunities that business and real estate can provide on the path to financial freedom. He owns and operates a wine & liquor store, a software startup, a consulting company, and a growing portfolio of commercial and residential real estate. Tim's passion for independent business has led him to support dozens of other business owners. For over a decade, he has worked with businesses on strategy, processes, finances, and marketing. These experiences, along with analyzing dozens of other businesses for potential acquisition, have provided Tim with an immense knowledge base to pull from.

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