A Primer On Search Funds
VIA GSB.STANFORD.EDU
… EXCERPT …

There are multiple ways into the world of entrepreneurship, including buying an existing business. For prospective entrepreneurs who are motivated by the desire to build and manage their own business, but who may lack an idea or the desire to start a company from scratch, acquiring a small business may be an excellent option to consider.
“[A Search Fund] is the most direct route to owning a company that you yourself manage”
H. Irving Grousbeck
GSB STANFORD
Pioneer of the search fund model