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businessOct 31, 20241:26:50pending

Buying a Business to Build a Life

Acquiring Minds

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Seattle-based Dan Drake & his wife wanted to raise their kids in Bend, Oregon. Buying a business allowed them to do it.

Topics in Dan’s interview:

  • His search in Bend, Oregon
  • Understanding negotiation tactics
  • Bundling the real estate with the business
  • His seller-financed deal
  • Renegotiating after sales dipped 20%
  • Pros and cons of having experienced staff
  • Explaining balloon payments
  • Giving back to Central Oregon
  • Meeting with top customers to understand their needs
  • Improving inventory management and website

References and how to contact Dan:

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Buying a Business to Build a Life

Acquiring Minds

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1:26:50

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