From laundromat to millions: Codie Sanchez on buying her first business — and the steps to acquire your own

Becoming an entrepreneur doesn't necessarily mean starting a new business from scratch. You can also acquire existing businesses, for which there is no shortage. According to a CNBC analysis of a 2023 report from the Exit Planning Institute, 58% of boomers who are business owners say they planned to sell their businesses within the next five years. In other words, there's a prime opportunity to own a small business that's already been up and running and earning cash. …