BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / Video / Deal Insight Video Series: What is the most challenging aspect of buying a distressed business?


Deal Insight Series:

What is the most challenging aspect of buying a distressed business?




In this video of our Deal Insight Series, serial entrepreneur Jonathan Jay talks about some of the challenges you face when buying a distressed business.

The transcript of the interview follows:

What do you think is the most challenging aspect of looking to acquire a distressed business?

The most challenging aspect of buying a distressed business or a business out of administration is that it is a lot of hard work. You discover a new problem every day and everything that you’ve been assured about doesn’t come to pass. Basically, everything is a problem, which is why it’s distressed. But that’s why you’ve bought it for a very nominal amount just a few thousand pounds sometimes just a pound, that’s why you’re getting a deal. You’re getting a bargain, but you’ve got to work hard at it. But there are some people who have made tremendous successes of businesses that were dying under the existing management. My first piece of advice typically is get rid of the management team - the business probably went wrong because of the management team. Get them out the door as quickly as possible and take control of the company’s finances. You don’t want a business that’s leaking cash. You’ve got to be a little bit of a control freak with this. But you need to take control of the business, get rid of the management that messed it up and be prepared for quite a few sleepless nights.

-------

Jonathan Jay is the founder of The Dealmaker’s Academy.


If you’re looking for distressed opportunities, we list all UK Administrations, Liquidations and Winding Up Petitions daily. Our members receive daily email updates with new listings, if you are looking to profit from buying distressed companies Business Sale Report can help you stay in the know.

Business Sale Report have been providing our members with business acquisition opportunities and insightful resources since 1995.


For more information on buying distressed businesses, take a look at our other articles:

- How to buy a business out of administration

- How to make your business an attractive acquisition target – research from 9,000 private companies

- The 2018 business turnaround cheat sheet

- Buying intellectual property out of a business administration

Deal Insight Series


What advisors do you need when buying a business?


What was the first business that you bought?


M&A market and Brexit


Sign up to our newsletter

Get news on businesses for sale and companies in administration straight to your inbox



Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

Latest News

 
07
 
Feb
 

Administrators exploring accelerated sale of telecoms contractor | ADMINISTRATION

Administrators from RSM UK Restructuring Advisory LLP are se...

 
06
 
Feb
 

M&Co brand bought out of administration, but 170 stores still to close | ADMINISTRATION

Scottish clothes retailer, M&Co has been bought out of admin...

 
06
 
Feb
 

Australian firm announced as preferred bidder for collapsed UK battery start-up | ADMINISTRATION

Recharge Industries has been named as the preferred bidder f...

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Pricing
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.