Take advantage of THE LARGEST wealth transfer this weekend

Codie Sanchez (YouTube) argues a large, ongoing wealth transfer in US small businesses is creating buying opportunities for individuals. She claims about $10 trillion in small businesses will change hands over the next 10 years as aging owners (average ~50 years old or older) retire; many owners prefer to sell directly to individuals rather than private equity. Sanchez outlines practical ways to find and buy Main Street businesses (on- and off-market sourcing, direct outreach, seller financing—claimed at ~60% of deals—leases, SBA and third-party loans) and encourages viewers to visit local shops this weekend to explore deals. She frames business ownership as a path to wealth (claims: 60% of millionaires are business owners; only ~6% of Americans own a business) and warns that without individual buyers, private equity will consolidate Main Street.
Questions this video answers
About $10 trillion
About 50 years old (speaker says 'now 50 years old. Well older than that.')
About 60% of deals (seller financing)
60% of all millionaires are business owners
About 6% of Americans own a business
Chapters
So one of the biggest wealth transfers in our country's history is happening right now, and most people don't even realize it. Main street businesses like this one behind me are the backbone of local economies. They make a lot of money and they're up for grabs. And I think this presents a huge opportunity for people like you and me. In fact, it's actually how I got started. These guys bought one of my laundromats and you guys have been watching me do all this. Over the next 10 years, about $10 trillion in small businesses are going to change hands. That includes laundromats, vending routes, retail, stor, farmland, manufacturing businesses, painting and plumbing, like some of the other businesses we own. Now, why is this happening? The answer is really simple. It's one word. Demographics. The average small business owner in the US is now 50 years old. Well older than that. These business owners are tired. They spent their lives building these companies, but now they're ready to retire. Pass it on. Sure, like some of these businesses will get passed down to their children, but many of them don't have kids who are interested in actually taking it over. In fact, we did a bunch of research that shows that a growing number of young generations, they're not looking to step into their parents shoes. They want a totally different path. So these businesses are going to be sold and they are being sold all over the country. But here's the thing. It's much better for everyday people like us to buy these businesses than for them to be swallowed up by large corporations or investment firms. You know, I've spoken to a ton of small business owners who've told me they've been approached by private equity firms offering a check. Private equity firms used to own 4% of them. Now they own 20%. And while selling to a big company isn't the owner's first choice, they're like, they're tired. They're dealing with financial pressure. They're ready for a new chapter. So they sell. And those Main street businesses go into the hands of Wall street, which means changes that aren't great for the community. And then they own all of our businesses. So if you've ever thought about owning a business, I think now is the time to act. I talk more about this in my book, but I wanted to give you a real example of how it's possible to buy a business, even if you've never done it before. So like for instance, if you were to look right now at businesses for sale in your area by going to some of the business buy sites that have listings. You're going to see that there's a bunch of businesses, but you're also going to see that business owners aren't that savvy and they might not even make it to online listings. Many are simply looking for somebody to step in and offer a solution. Somebody they could trust and that could be you. Somebody local. So for instance, you could go to like Biz Scout. It's literally made to help you find the best off and on market deals or Biz by sell. There's others. And I've heard countless stories of people walking into their favorite coffee shop or hardware store, having a chat with the owner and event, striking up a deal to take over the business. I've done it myself. I could actually show you guys live some examples of it. Let me know in the comments if you want me to do that. But these owners are just like so much more willing to work directly with you than you might think, you know. Some deals include long term payment plans where say the buyer pays a monthly amount until the owner retires, passes away or moves on. In some cases the purchase might involve seller financing like 60% of deals do, where the owner essentially becomes the bank and you pay them back over time with future revenue and profits. In other cases, like maybe they're willing to lease you the business and allow you to pay them over time, you can also look at creative arrangements like SBA or third party financing. Lots of people put a small amount of money down on a business just like you would a house, and then finance the rest. The possibilities are kind of all over the place. If you're open to thinking outside the box, I think my advice would be this weekend, take a walk through your neighborhood or a nearby town. Visit the local shops, speak with the owners, ask about their plans. You'd be surprised by one like how many of these small business owners are open to the idea of selling. How many of them run the front counter, but they haven't even gotten to putting their business up for sale. So if you've ever wanted to own a business and build something for yourself, I kind of think now is the perfect time to start exploring these opportunities. Businesses are available everywhere, from the local barbers to a dry cleaner around the corner. The problem is nobody's ready to buy them and so I think it's way more possible than you think. I'm going to share more of these stories and strategies and it's all in my book, Main Street Millionaire, which you can get here. But for now, get out there and start looking the wealth transfer. It's happening today. And with a little effort, it's not easy. You could be on your way to owning your own business sooner than you think. And if you think this seems like selfish, why would a small business owner sell to me? The other thing is they don't have a backup plan. They don't have a retirement or pension fund. These small businesses, businesses, they're 90% of their net worth. So if they don't sell the business, where do they get their retirement money from? For the first time ever, you're going to have millennials, Gen Z matching up with baby boomers. The baby boomers need to exit and sell their business. Gen Z and millennials are mad and annoyed at the fact that their wages haven't gone up, they're not making more money, there's lots of inflation, they don't like their jobs. And so what if there could be an apprenticeship between the two where they help you learn the business and take it over and you buy it as you go. This is happening all over the country. And if we don't do it, then private equity does it. And that's a problem, because the fastest way to become a millionaire is to be a small business owner. Business owner. 60% of all millionaires are business owners. And so the problem is that increasingly we don't own businesses. Only 6% of Americans own a business. So if only 6 of us own a business, but 60% of all millionaires are business owners, we got to fill the gap. And I think that small businesses and buying Main street businesses is the way to do it. So this weekend, maybe get off the Internet, you don't have to start a fancy AI startup. You don't have to try to do something clickbaity and speculatey. Instead, go check out your local laundromat, dry cleaner, grocery store, corner store. They might actually be looking for you.










