Has Anyone on BP Successfully Sold Their Real Estate Business?

Buying & Selling Small Businesses
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Has Anyone on BP Successfully Sold Their Real Estate Business?

Don KonipolBusiness Member
Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes

Has Anyone on BP Successfully Sold Their Real Estate or Real Estate Related Business?  -  Real estate brokerage, mortgage brokerage, lending institution, property management company, wholesaler, or any other type real estate business?

If so, would you be willing to provide the details of the sale?

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Scott Mac
Austin, TX · Member since 2019 · 5k+ posts · 5k+ votes
1y

Hi Don,

I'm surprised you're not going to hand the business down to the next generation.

Good Luck!

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  • Cliff BennerBusiness Member
    Accountant · Denver, CO · Member since 2020 · 394 posts · 183 votes
    1y

    I see these for sale often, usually a smaller mom and pop style one. I am sure most go in a creative situation since most relies on repeat customers and a few have that reoccurring revenue that lenders love seeing. 

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  • Scott Mac
    Austin, TX · Member since 2019 · 5k+ posts · 5k+ votes
    1y

    Hi Don,

    I'm surprised you're not going to hand the business down to the next generation.

    Good Luck!

    1Reply
  • John B.
    Investor · Keller, TX · Member since 2019 · 76 posts · 62 votes
    1y

    Seems like not many lol. Its almost like the only way to possibly make big money at once is to sell a business on a 3x+ equity multiple or own a large amount of real estate which is increasingly difficult. My goal is to grow a business and exit that business and diversify in real estate etc.

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