He Buys SaaS Companies Using SBA Loans and Scales Them Up

Caleb is the founder of Compass Point Opportunity Fund. He has experience with buying and selling businesses from brick & mortar industries to info-marketing and SaaS.https://www.linkedin.com/in/caleb-page-6560142/He shares with us:- Case studies of how he finds and does due diligence on deals ranging from a homeschooling business to forex trading software- Financing options from seller-based financing to SBA loans for acquiring a business- Sources you can use to find SaaS businesses for sale- How he plans to scale his current project, a property information SaaS companyResources and links mentioned:FE InternationalFlippaEmpire FlipperFrank KernFavourite books:Built to LastAntifragileFavourite tool:Google AnalyticsAlvin:  [00:00:00] welcome to Abyss Gazing. I'm your host, Alvin Leon, and joining me today is Caleb page, the managing partner of compass point.Compass point opportunity fund where he buys and operates internet businesses. We've a predisposition for SaaS and API and businesses in real estate and information sectors. So, uh, Jacob, are you ready to be, uh, Kayla? Are you ready to begin? Caleb Page: Yeah, I'm good. Hey, how are you doing? Alvin: Alright. Yeah, so Caleb and I met in entrepreneur first the six.A cohort. I want you to remember us in Singapore, and Caleb is originally from the U S he's currently living in the Malaysia. And, uh, yeah. Let's start off like with what you're doing before and what Compass Point is about. Caleb Page: Sure thing. Yeah. It was fun. Alvin, when we, uh, when we were together together at entrepreneur first cohort, it's just amazing experiences.We've met a [00:01:00] lot of different people. But along the way or the way I got there was I had my background's business bought and sold businesses, started businesses, but they'd all been smaller businesses as well. Brick and mortar things to franchises, property management company. I had a corporate back on the military, back outside, large organization experience, but I'd wanted to do something larger and that's where you and I met was an entrepreneur first.Trying to figure out a way that we might, you know, find a startup or a cofounder. Where we could start a business together. Um, at the same time though, I had just sold off the last business that I had owned. And in the U S we have a way to reinvest the money. If we reinvest money into another business, or we're real estate in a specific way, we can avoid some capital gains tax.Um, it's, it's a kind of a tax issue, but there's good opportunity around it. So I created a fund. Yeah. And if it didn't work out, which it didn't, we, uh, that fun, we go ahead and buy businesses. [00:02:00] So that's fast forwarding through kind of an experience there where we decided maybe they sent us just to go buy some businesses rather than trying to start one from zero.Alvin: I remember before that you were doing, you've joined like a mastermind with Frank Kern and some other stuff, so you were already exploring internet business before, before you joined EF, right? Caleb Page: Yeah. You're right. You're right. So from one of the businesses I bought way back in 2015 was a small one, is an internet site in the homeschooling space cause we were about to start homeschooling our son.I said, well, here's a business for sale. It's an internet marketing. Let me figure it out. This was really spot on. He bought it. He was making $20,000 a year and we bought it for $40,000. And when he was my wife and me, cause she's the one that protects me from bad decisions. But I bought it for $40,000 and that started my real education in internet marketing.And at that time I followed I the [00:03:00] early to rise guys, Craig Valentine and another fitness guy, Bedros Keuilian. And from there I went to following Jeff Walker and his product launch formula. Uh. Yeah. For about a year and work on product launches and that without full site. And then finally, Frank Kern trying to figure out something to do as I was leaving the homeschooling space and following some of the advice he gave as well by the internet marketing.So all along the way, learn how to do launches for Facebook campaigns, uh, information products, uh, some sequencing, email copywriting, just a lot of different things in the internet marketing space. Alvin: So did you end up selling off that homeschooling business in the end? Caleb Page: Well, it did. I sold it in April. Alvin: That was the same business that gave you the fun to stop combo swelling with Caleb Page: it was part of it.The biggest business actually was a franchise cleaning business. My wife and I had owned for about 15 years in Boston and we started that from zero and zero customers. We [00:04:00] sold it with. Gosh, I think I had about 300 customers when we sold it. Uh, and it was, it was a really nice story because we were able to sell it to the person that was working for us, that had been running the business when we were in longer or so, we were able to work...