Should we buy this warehouse software business? - Acquisitions Anonymous episode 135

Want to receive this listing in your inbox? Signup for our weekly newsletter:https://www.getrevue.co/profile/acquanon-----Michael Girdley (@Girdley) and Bill D’Alessandro (@BillDA) discuss a 40-year-old computer company in Richmond, Texas. We will examine some factors to consider when purchasing small software companies like this and investigate how this business operates. Moreover, we'll learn if the company is as intriguing as it seems and discover why Michael fears the seller. Finally, we'll talk about how important it is to work with brokers, hire brokers, and how to close the best deals. -----Thanks to our sponsors!CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.----- Show Notes:(00:00) - Introduction(00:34) - Our Sponsor is Cloudbookkeeping(02:09) - Deal & financials: 40-Year-Old Computer Company (03:11) - How does this deal work?(06:17) - Okay, what makes us believe this man doesn’t have a broker?(07:23) - What do we think of the code due diligence?(10:25) - What are some considerations for buying a small software company?(12:14) - What is so special about buying niche software businesses?(14:59) - How is the business so interesting?(16:22) - Why is Michael scared about the seller?(18:25) - The bull case for this deal is…(19:23) - Seller Advice: Why should you hire a broker for this deal?(20:49) - Michael’s advice on dealing with brokers?(21:58) - Key advice to close the best deals(23:16) - Bill’s hack to hire an intermediary the right way, as a seller----- Additional episodes you might enjoy:#133 - How to value and underwrite commercial Real Estate? With special Guest Chris Powers#132 - Let's get rich pumping poop!#131 - People are getting rich with Med Spas. Will we?#130 - Should we buy this Vegas Wedding Chapel Chain?  Subscribe to  weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking hereDo you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.Do you enjoy our content? Rate our show!Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.For inquiries or suggestions, email us at [email protected]