Ever wondered how Codie Sanchez finds those hidden-gem businesses to buy? If you’re curious about building wealth through small business acquisitions, you’re not alone. More entrepreneurs are turning to business buying as a path to financial freedom, and Codie Sanchez’s approach has made her a sought-after authority.
In this article, we’ll reveal which website Codie uses for her business buying journey, explain why it matters, and share practical steps so you can get started too.
How Codie Sanchez’s Business Buying Website Helps You Become an Owner
If you’ve ever dreamed of owning a business—without starting one from scratch—Codie Sanchez’s business buying resources could be your golden ticket. Best known for her “Contrarian Thinking” framework and her practical guides, Codie has inspired thousands to skip the startup grind and instead buy existing, “boring” businesses with stable cash flows.
Let’s explore how her business buying websites and educational offerings can help you step confidently into business ownership, the practical steps you’d need to take, key benefits, possible challenges, and pro tips for maximizing your investment.
Understanding Codie Sanchez’s Business Buying Philosophy
Codie champions the idea of acquiring “boring” businesses—think laundromats, car washes, self-storage facilities, and cleaning services. Why? Because these businesses often fly under the radar, yet provide steady profits and resilient demand.
Instead of taking big risks on flashy startups, Codie’s method is about:
- Acquiring businesses with proven cash flow.
- Using creative deal structures to minimize your own cash outlay.
- Leveraging owner financing and Small Business Administration (SBA) loans.
- Focusing on industries with low technological disruption.
Through her Contrarian Thinking brand and educational site, she breaks down this process into digestible steps, community support, and actionable resources.
Key Steps to Buy a Business Using Codie Sanchez’s Approach
Codie’s methodology isn’t just theory—it’s a practical playbook. While the details vary business to business, here’s the broad step-by-step process many of her students and followers use:
1. Define Your Investment Criteria
Before you browse the marketplaces, get clear on what you want:
- Industry interests (“boring” sectors, like vending, waste management, etc.)
- Desired cash flow or profitability (e.g., $100K per year)
- Geographic preference (local or remote operation)
- Level of owner involvement (hands-on vs. absentee ownership)
2. Find “Boring” Business Listings
- Search online business marketplaces (e.g., BizBuySell, local business brokers).
- Network with small business owners (many sales happen off-market).
- Leverage groups and resources from Contrarian Thinking to spot deals.
3. Analyze Financials and Do Due Diligence
This is where you separate diamonds from duds:
- Review profit-and-loss statements, tax returns, and customer contracts.
- Look for recurring revenue and stable cash flow.
- Pay attention to red flags (declining sales, high customer concentration, lawsuits).
4. Structure Creative Offers
Codie often encourages:
- Seller financing (where the owner lets you pay over time, reducing your upfront cash need).
- SBA loans (with as little as 10-20% down).
- Earnouts or performance-based deals (pay more only if the business hits targets).
5. Negotiate and Close
- Negotiate price and terms based on your due diligence.
- Engage legal, accounting, and lending partners.
- Prepare transition and training plans with the seller for a smooth takeover.
6. Operate and Optimize
- Use Codie’s frameworks to improve operations and boost profits.
- Find areas for efficiency, cross-selling, or service add-ons.
- Consider hiring a manager if you want hands-off ownership.
Benefits of Using Codie Sanchez’s Business Buying Resources
Why learn from Codie’s platforms? Let’s break it down:
Proven Roadmaps
- Her guides and courses offer step-by-step checklists, breaking a complex process into manageable actions.
Insider Community
- Access to private forums and mentorship lets you get feedback on real deals and find accountability partners.
Real-World Templates
- You’ll get sample emails, negotiation scripts, valuation calculators, and deal analyzers—saving time and avoiding rookie mistakes.
Focus on Stability
- The lessons focus on businesses that provide recession-resistant, non-glamorous income streams.
New Investor Friendly
- Practical advice is designed for those with little to no prior experience.
Challenges You Might Face (and How to Overcome Them)
Every opportunity has some hurdles. Here’s what you could encounter and how to be ready:
Information Overload
- With so many deals and data points, it’s easy to get overwhelmed.
- Tip: Stick to the checklists and focus on 1-2 industries. Don’t analyze endlessly—make offers.
Valuation Uncertainty
- Determining what a business is genuinely worth can be tricky.
- Tip: Use Codie’s valuation templates and get expert advice for large deals.
Negotiation Jitters
- Negotiating with sellers can be emotionally charged.
- Tip: Rely on scripts and practice with peers before real discussions.
Financing Obstacles
- Not all sellers offer financing, and getting approved for SBA loans takes prep.
- Tip: Build strong lender relationships early and save up your down payment.
Transition Hiccups
- Taking over a business with existing staff and systems is a big responsibility.
- Tip: Spend time shadowing the previous owner and communicate clearly with all stakeholders.
Practical Tips for Business Buying Success
1. Build Your “Dream Team”
Surround yourself with a:
- Business broker or deal finder.
- Accountant familiar with business acquisitions.
- Lawyer for contracts.
- Lender or SBA loan expert.
2. Attend Community Events and Workshops
Contrarian Thinking regularly holds virtual and live meetups. Networking here can surface deals not found online.
3. Run the Numbers (Repeatedly)
Use the profit-and-loss calculators provided. If a deal doesn’t meet your minimum cash flow or payback targets, wait for the right opportunity.
4. Learn from Others’ Mistakes
Codie’s content is full of case studies—pay close attention to what went wrong for others, so you can avoid those pitfalls.
5. Focus on “Boring” Over “Trendy”
Remember: Stability is sexy. The laundromat may not dazzle at cocktail parties, but it can fund your financial freedom.
Cost-Saving Tips When Buying a Business
1. Seller Financing
This is Codie’s favorite tool. By letting the seller finance part of the purchase, you conserve cash and align interests.
2. Negotiate Transition Support
Ask the seller to include training or consulting during transition—often at no extra cost.
3. Avoid Overpaying
Use market data to back up your offer and walk away if the price is inflated.
4. Watch Out for Hidden Liabilities
Carefully check for unpaid taxes, lawsuits, or environmental obligations. These can eat into profits if missed.
5. Use SBA Loans
The Small Business Administration backs loans that only require 10-20% down—far less than traditional banks.
Avoiding Common Pitfalls
Skipping Due Diligence
Never trust just the seller’s word. Always verify financial and legal documents with professionals.
Falling in Love with the Business
Stay objective. If the numbers don’t work, walk away.
Forgetting About Your “Why”
Be clear on your personal goals: income, lifestyle, community impact. The right business should fit these.
Concluding Summary
Buying a business using Codie Sanchez’s online platforms—Contrarian Thinking, her business buying courses, and community forums—is a powerful shortcut to steady wealth. Her step-by-step methods, focus on “boring” businesses, and practical resources turn a daunting process into an actionable journey.
Whether you want to escape your day job, diversify income, or become a local business mogul, Codie’s approach gives you the tools and mindset to succeed. Follow the playbook, leverage the network, and soon you could be collecting checks from a business you never had to build from scratch.
Frequently Asked Questions (FAQs)
How much money do I need to buy my first business using Codie’s method?
It depends on the business size and financing structure. With seller or SBA financing, you can sometimes acquire a business with as little as 10-20% down—so, for a $200K business, you might need $20,000 to $40,000.
What types of businesses does Codie recommend buying?
Codie suggests “boring” businesses like laundromats, car washes, cleaning companies, vending machines, and service-based businesses that have steady, non-trendy demand and proven cash flow.
Do I need previous business experience to succeed?
No. Codie’s teaching is designed for beginners and includes detailed guides, templates, and access to a community of experienced owners willing to answer questions.
How do I find businesses for sale?
You can search online marketplaces, contact local business brokers, network within business buying communities, and approach retiring business owners directly. Codie’s programs also provide deal sourcing strategies.
What are the biggest risks when buying a business?
The main risks are overpaying, missing hidden liabilities, and failing to transition ownership smoothly. These can be reduced by thorough due diligence, paying the right price, and getting transition support from the seller.
Taking the first step may feel intimidating, but with Codie Sanchez’s frameworks and the support of a like-minded community, your journey to business ownership is more accessible—and exciting—than you might think.