How can YOU buy your first business

A couple months ago I sat down with Jonny, a college student who joined Acquisition Accelerator.

A couple months ago I sat down with Jonny, a college student who joined Acquisition Accelerator.

He had run different businesses before, but none of them were scalable beyond a point. 

He had some money saved from a previous business but realized starting from scratch was costly and a grind. 

He knew he wanted to continue his journey but wanted an advantage for his next bet. 

Rather than going from 0 to 1 himself.

He wanted to use capital as a leverage to acquire a business and start his next venture at the growth stage. 

So Jonny came to me asking how to buy a business. 

After sitting down and listing out his skills, time, and resources, we went to market for a deal with specific criteria in mind. 

We finally found the perfect business for him.

An AI tool called Anna, which helps people learn a new language via WhatsApp.

At acquisition it  was making $300 MRR, and he bought it for $5,000, slightly more than 1x annual revenue.

You can see exactly how Jonny bought his first business below.

- Dev

P.S. If you are somebody who has the resources and are looking to acquire a business but want some help along the way…

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