Travis Makes Money

Make Money as a Business Broker | Trent Lee


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Trent Lee — #1 ranked business broker in the U.S. seven years in a row, with 600+ closed sales totaling over $200M in deals and more than $15M in personal commission.

  • Early hustle: Painted address numbers on neighborhood curbs and mowed lawns — learned value creation early.

  • Current role: Licensed business broker & appraiser. Specializes in small to mid-sized businesses, valuations, and finding qualified buyers through cash, SBA loans, or seller financing.

  • How he got here:

    • Inspired watching his father sell his 700-employee company (private equity deal).

    • Learned firsthand how CPAs, attorneys, and buyers operate in M&A.

    • Started and sold businesses (financing consulting & medical alert response center). Frustrated with brokers he worked with → became one himself.

    • How to become a business broker:

      • Licensing depends on the state (some require real estate + broker permit, others none).

      • Associations like IBBA help standardize training/education.

      • Strong background in accounting, contracts, negotiations, and marketing is essential.

      • Challenge: takes 12+ months before first commissions hit; most fail because they run out of money before their first big close.

      • Earnings potential:

        • Smaller deals: 8–15% commission. Larger/private equity deals: lower %.

        • First year = expect $0 while building pipeline.

        • Year 2+, even a few deals ($500K–$2M businesses) → six figures+.

        • Industry is older (often second careers), but huge opportunity for those who survive the ramp-up.

        • Why brokerage over ownership?

          • Trent opts not to buy businesses himself. Brokerage gives income without employees, leases, or headaches.

          • He’s built wealth through business sales commissions, investing proceeds into 24 fully paid rental properties.

          • Why so few business brokers?

            • Most owners don’t even know brokers exist (unlike real estate).

            • Lack of awareness & high skill bar keeps supply small — which means big opportunity for specialists.

            • For Buyers:

              • Buying an existing business = easier path to cash flow than startups.

              • Zero-money-down deals are rare clickbait; you’ll usually need ~10% down. Can come from:

                • personal cash/savings,

                • self-directed retirement accounts,

                • equity partner, or

                • combination of buyer + seller financing.

                • Buying with 0% down = 100% leverage → dangerous if market fluctuates. Better: leverage smartly so downturns = inconvenient, not devastating.

                  • Brokerage is a lucrative but long game; plan financially for the first year with no income.

                  • For buyers, don’t chase unicorn “zero down” structures — get creative but realistic with 10% in.

                  • Buying an existing cash-flowing business is almost always better than starting from scratch.

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                      Travis Makes MoneyBy Travis Chappell

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