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Key Facts
Owned a business previously
Yes
Business experience
I have started three companies: a student-run cafe while in undergrad, a coworking space before my MBA, and OpenDoor Coliving: a 10-year real estate startup pioneering the concept of community living. At OpenDoor, we grew to a team of 12 across three states, managing 400 units totaling around $70M in real estate value. We were a real estate developer, investor and property manager specializing in shared spaces focused on community experience in expensive West-Coast cities. As a founder and operator, I raised capital into the company, structured and raised capital for real estate deals, built a team, developed product, designed customer experience, built a marketing funnel and brand, and managed day-to-day operations.
Reason for buying
After 10 years doing a startup that ultimately didn't have a major financial exit, I'm looking to parlay my entrepreneurial abilities and operational rigor into an opportunity that has a higher likelihood of financial success. I also had the experience of building from zero to a 12-person team doing about $3M a year in revenue, and I would like to have the experience of growing a company to the next stage.
Search Criteria
Financials
No preference
Asking price
$500K - No maximum
Cash flow
No preference
Last year revenue
Location
California
Industries
Cleaning
Construction
Landscaping
Manufacturing
Plumbing & HVAC
Home Services
Pre-Qualification
Mainshares works with entrepreneurs to pre-qualify their access to debt and equity capital through SBA 7(a) lenders, loan brokers, and its affiliated broker-dealer, Main Street Securities LLC.
by Main Street Securities
Completed
Main Street Securities LLC (“Main Street”) has reviewed the background and credit history of Jay in preparation for his acquisition of a small business. Based on our analysis, we believe he is qualified to raise up to $2M in equity for an acquisition and are prepared to represent him.
Completed