Acquiring Minds
Buying a business is an amazing path for many successful entrepreneurs. Learn how to buy a business from the entrepreneurs who have already done it. 2x per week: stories, insights, & valuable advice about acquisition entrepreneurship. Hosted by Will Smith, who is on his own path to acquire a business. Also on YouTube: https://www.youtube.com/@AcquiringMinds Sign up for episode summaries at: https://acquiringminds.co
Buying a 138-Year-Old Navy Bell Maker
Jon Hyatt was under LOI on a dental practice when a late-night Craigslist search turned up one he couldn't resist.
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Structuring LOIs: Competitive Enough to Win, Bankable Enough to Close - TODAY!! - https://bit.ly/4s1pAWVTopics in Jon’s interview:
Using Facebook groups for industry researchWhy labor became a search constraintThe abandoned dental roll-up thesisDiscovering E.J. Willis on CraigslistFalling for a 138-year-old heritage brandBuying a tiny businessNavigating an asset purchase and carve-outSelling bells to defense shipbuildersBuilding direct-to-consumer bell demandReviving forgotten products and company historyReferences and...
Take Over the Business Before You Buy It
Elias Youssef stepped into an unprofitable plumbing company as its GM, grew it 6x, then got an SBA loan to buy it.
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Topics in Elias’s interview:
Dropping out of community collegeStacking cash as an appliance salesmanEarly real estate joint venturesBreaking even on an assisted living acquisitionSeeking out HVAC mentorshipThe brutality of cold callingOperating before buyingMajority equity is majority workBuying is easy. Running it is the hard part.Getting out of...Buying a 1-Product Business, Building It to a Big Exit
Jay Boren bought a tiny grease tool business run out of a living room, then grew it into a brand with 250 products.
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The Small Things That Sink First-Year Owners - TODAY!! - https://bit.ly/3VAOWiqTopics in Jay’s interview:
Choosing Vermont over Silicon ValleySolving geography through ETADiscovering LockNLube through TuckTurning a grease coupler into opportunityNavigating a hostile South African supplierBuying LockNLube as an internStructuring a heavily seller-financed acquisitionExpanding from one SKU to 250Scaling through digital advertising and AmazonExiting LockNLube and staying through integrationReferences and how to co...
Side Hustle Acquisition to $5m in Revenue
Brendan Guerin was 21 when he and 3 friends bought a dog daycare on the side. Today: 6 Midwest locations.
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Debt Financing Your Deal (SBA & Independent Sponsor) - TOMORROW!! - https://bit.ly/4rRpQaYThe Small Things That Sink First-Year Owners - Thu, Oct 15 - https://bit.ly/4idBtVxTopics in Brendan’s interview:
He bought his first doggy daycare at 21The first acquisition was a deliberate starter dealFour partners split ownership and responsibilities.The $1.1M deal included real estateEBITDA margins approached 50% before rentBuying real estate protects long-term business controlMidwest real estate makes their mod...The Roll-Up with No Investors & No Clock
Tyler Hoffman has bought 4 telecom companies with no outside equity, and works 15 hours a week to get to $50m.
Topics in Tyler’s interview:
Lessons from being fired repeatedlyFinding and acquiring Metro WirelessFilling experience gaps with charismaFinancing the $4.5 million acquisitionNavigating a difficult ownership transitionDiscovering hidden operational problems post-close Losing half of earnings — and survivingRebuilding Metro Wireless through operational improvements3 tuck-in acquisitionsBalancing business growth with personal autonomyReferences and how to contact Tyler:
LinkedInHoffman CapitalMetro WirelessJeff Homer’s webinar: Architecture of an Entrepreneurial Roll-UpGet a free review of your books & financial ops from System...
$33m Holdco: Teddy Bears to Insurance Claims
Colin King and his 50/50 partner have paid themselves little since 2018, reinvesting profits back into their businesses.Â
Topics in Colin’s interview:
Growing Circle City Capital’s business portfolioDon’t call them private equityWhy Colin stopped wanting operational rolesWhy critical mass matters for holdcosHe still earn less than operatorsHoldco strategy versus industry-specific rollupsThe fox versus hedgehog frameworkLearning through hands-on operating experienceWhy chasing money can make things harderCostly mistakes and failed acquisitionsReferences and how to contact Colin:
[email protected] LinkedInColin King’s first appearance on Acquiring Minds: How to Build a $28m Holdco (in 6 Years)Circ...The $150k Hiding in the Business He Bought
Patrick Dunphy acquired a low-seven-figure interpreter agency, then halved its collection times in year one.
Topics in Patrick’s interview:
From Army aviation to business ownershipWhy Patrick chose ownership over corporate successThree years searching while working full-timeTurning red flags into acquisition opportunitiesWhy intrinsic value matters beyond financial returnsBuilding a scalable, contractor-driven service businessStructuring an SBA acquisition without seller financingCutting payment times in half through better invoicingPreserving trust through a quiet ownership transitionGrowing through new markets and government contractsReferences and how to contact Patrick:
LinkedInJS LanguagesWork with an SBA loan team focused ex...
How to Buy a $2.1m Business Without the SBA
Jack Rauch left politics for a niche Florida business no bank would finance. He's doubled revenue twice since.
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Sizing an SBA Loan to the Cash Flow - TOMORROW!! - https://bit.ly/4hrFwgeTopics in Jack’s interview:
From the White House to entrepreneurshipDiscovering an overlooked private provider nicheCustomers helped save the businessHow private inspections accelerate construction projectsExpanding beyond the seller's tiny territoryNavigating licensing requirements without industry experienceFinancing the deal without SBA backingRaising prices and finding unexpected growthDoubling revenue during each ownership yearJoining industry leadership to reduce regulatory riskRef...
Buying a $7.3m Golf Course with No Money Down
Kyle Holmes spent 8 years running Quail Ridge for its investor owners. Then they asked if he wanted to buy it.
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Protect the Business: How to Diligence Insurance Pre-Close - TODAY!! - https://bit.ly/4xvNj2ESizing an SBA Loan to the Cash Flow - Tue, Sep 29 - https://bit.ly/4y1Xr4aTopics in Kyle’s interview:
Growing up in a golf family Running Quail Ridge before becoming an ownerBeing approached about buying the golf courseGolf’s boom, recession, and post-COVID resurgenceMichigan’s surprisingly strong golf marketRevenue from golf, dining...Buying a $12.5m Contractor to Create 1,000 Jobs
Manolo Diaz Corrada came home to Puerto Rico to build for decades and keep the wealth from leaving the island.
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Working Capital: What Buyers Need to Know Before Closing - TOMORROW!! - https://bit.ly/4yJUdSXProtect the Business: How to Diligence Insurance Pre-Close - Thu, Sep 24 - https://bit.ly/4rlZei3Topics in Manolo’s interview:
Building a career across engineering, business, and lawFighting Puerto Rico’s brain drainLaunching a self-funded search in a tiny marketWhy traditional search fund investor passed on Puerto RicoFinding an acquisition through family connectionsNavigating SBA finan...Losing a $1m SDE Business to Bankruptcy
Morli Desai bought an e-commerce brand with an SBA loan. Three years later: liquidation, Chapter 11, and gratitude.
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Equity Financing: From SBA Deals to Independent Sponsors - TODAY!! - https://bit.ly/4r81edBWorking Capital: What Buyers Need to Know Before Closing - Tue, Sep 22 - https://bit.ly/4gZWFxhTopics in Morli’s interview:
Acquiring a skincare brandWhy she felt confident in the companyEarly red flags she minimizedAmazon shipping disasterRising cost per click8-12% customer retention rateUnique challenges of ecommerceNegotiating multiple loan deferralsStress of the personal guaranteeFiling subchapter V bankruptcy...
$340k to $1.3m of Earnings in 14 Months
Rob Brooks bought a $1.9m Sarasota HVAC shop, then ignored the advice to wait 90 days before changing it.
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Equity Financing: From SBA Deals to Independent Sponsors - Thu, Sep 17 - https://bit.ly/3VqwuZuTopics in Rob’s interview:
Choosing an industry where he had an edgeBuying smaller to reduce debt riskUnderstanding prepaid customer obligationsUsing ChatGPT to learn HVACMaking changes immediately after acquisitionInheriting a GM and long-tenured employeesDigitizing operations and increasing accountabilityTransforming a blame culture into a problem-solving cultureAdding weekly employee training sessionsPracticing radical honesty with customersReferences and how...
Buy a Business with Your Tax Bill
Adam Whelchel paid himself instead of the IRS, putting $35k down on an escape room doing $365k with room to grow.
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The Deal I Almost Bought (And Why I Passed) - TODAY!! - https://bit.ly/4hVeKikTopics in Adam’s interview:
Built a $1.5M accounting firmBusiness brokerage opened the acquisition doorWanted a business his daughter could appreciateAn escape room caught his attentionFixed costs created massive operating leverageBought the business for roughly $220KPut about $35K into the dealBusiness acquisition as a tax strategyRe-engaged customers and local businessesPlans to double capacity to...First-Timer Buys a $15m Business in Distress
Mike Bourgeois bought an HVAC company bleeding $3m a year, all cash and no SBA, then cut $1.4m of costs in 2 weeks.
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The Deal I Almost Bought (And Why I Passed) - Thu, Sep 10 - https://bit.ly/4zKAGTNTopics in Mike’s interview:
Led major Air Force medical practiceFound a search partner with complementary skill setsBet on distressed businesses with liquidation valueFound a deal through veteran ETA SlackSpeed beat the highest bidImmediately cut $1.4M in annualized expensesRaised gross margins from 7% to 49%Shifted from silos to teamworkEmphasis on ongoing staff tra...An Engineer's Mini Berkshire: 2 Auto Shops in 1 Year
Sujith Shankar left 25 years in corporate to buy cash-flowing businesses: a $1.2m repair shop and a $2m body shop.
Topics in Sujith interview:
How Rivian layoffs changed everythingFalling down the Warren Buffett rabbit holeWhy auto repair beat real estateFunding a deal without an SBA loanRunning a business while keeping a W-2Winning over skeptical employees after closingPlanning a mini Berkshire HathawayIs EV adoption really a threat?Buying a second business just months laterCollision shops vs. repair shopsReferences and how to contact Sujith:
LinkedInThe Billionaire Who Wasn’t by Conor O’CleryEdgar Galindo on Acqu...Right-Tail Outcome for a Husband & Wife Search Fund
Courtney and Jonathan Dunn bought a fast-growing SaaS at 3-4x ARR, doubled it, then merged for a life-changing exit.
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Architecture of an Entrepreneurial Roll-Up - TOMORROW!! - https://bit.ly/4gXkwPtTopics in Jonathan & Courtney’s interview:
Their background in oil & gasTurning down an offer from AppleImproving their investor pitchTraveling extensively to searchAcquiring a niche healthcare software company Using all equity, no debt, for the dealUsing an earn-out to resolve valuation disagreements Having a baby during the acquisition processThe hire they wish they’d made sooner Advice for couples consider...The Ferrari of Signage: $9.5m Pipeline in 6 Months
Andrew Sova and Alex Clark revived sales at a 40-year-old sign manufacturer, the first acquisition of their holdco.
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New SBA Rules: What Business Buyers Need to Know - TODAY!! - https://bit.ly/4hGNwMiArchitecture of an Entrepreneurial Roll-Up - Tue, Sep 1 - https://bit.ly/4qc7dxxTopics in Andrew & Alex’s interview:
Meeting at BCGPartnership provided accountability and motivationLooking for direct-impact rolesPrioritizing speed with brokered searchTheir vision to build a holdcoWinsor Fireform makes uniquely durable signageEmployee growth = key success metricSeller chose buyers based on trust, not priceCustomers include parks, tr...40 Schools to 130: The Roll-Up 2 Years Later
Jeff Homer returns with an update: revenue past $100m, a new dance division, and 50% growth expected this year.Â
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Licenses & Regulatory Issues When Buying a Business - TOMORROW! - https://bit.ly/4ccatTWNew SBA Rules: What Business Buyers Need to Know - Thu, Aug 27 - https://bit.ly/4c3b6zjArchitecture of an Entrepreneurial Roll-Up - Tue, Sep 1 - https://bit.ly/4zdTbj2Topics in Jeff’s interview:
Building a music school roll-upScaling through monthly acquisitionsExpanding into dance schoolsBack-office value creationTransitioning from operator to CEOBuilding middle managementAvoiding private equity pitfalls100x ret...From $700k Purgatory to $3m: A Mosquito Joe Update
Neil Finneran returns 3 years after buying a business so small it barely paid him a salary — now on pace for $800k.
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Learn to Avoid the #1 Reason Acquisitions Fail - TODAY!! - https://bit.ly/4qg4P9kLicenses & Regulatory Issues When Buying a Business - Tue, Aug 25 - https://bit.ly/4wTADDfTopics in Neil’s interview:
Neil’s previous appearance on Acquiring MindsHis background in hedge fundsPain of buying smallManaging labor and no-showsImplementing a hybrid-pay model for techsThe acquisition that tripled his revenueChristmas lights services in the off seasonRising customer acquisi...3 Years, $80k In: An Honest Update
Jesse Sunquist put a GM in charge and stepped back to 5 hours a week — proud of the experience, restless about the outcome.
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Learn to Avoid the #1 Reason Acquisitions Fail - Thu, Aug 13 - https://bit.ly/4wPHY6RTopics in Jesse’s interview:
Buying a business for flexibilityGeographical search in New JerseyLowering his minimum SDE threshold to $300KAcquiring 2 Mosquito Joe territoriesHis plan to build wealth through franchise roll-upsModest growth followed by shrinkHow other owners handle the off-seasonTaking a W2 with the intent to sellInability to find a buyerHiring a great GM to...$400k Profit Fixing Church Pews
Greyson Boerner traded startup life for a 28-year-old niche business — now on pace to grow revenue 50% in year one.
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Learn to Avoid the #1 Reason Acquisitions Fail - TODAY!! - https://bit.ly/4z0fkBxTopics in Greyson’s interview:
Founding software startupsETA as a path to stabilityGetting his education with Acquisition LabFinding business brokers through Google MapsUncovered niche church pew restoration businessCompetitor closure created significant growth opportunityChurch visit reinforced acquisition decisionHired bilingual ops manager to bridge communicationStolen truck fiascoRevenue up 50%, margins pressured by investmentsReferences and how to contact Grey...
Surviving a 2-Month Revenue Freeze in Year 1
Chibunna Chimezie's seller left $15k in the account. His post-acquisition liquidity is the only reason he made it.Â
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Learn to Avoid the #1 Reason Acquisitions Fail - Thu, Aug 13 - https://bit.ly/4wUCNSYTopics in Chibunna’s interview:
His family’s immigration story from NigeriaInterest in how American healthcare worksLearning to manage risk in business schoolAcquiring a service provider for veteransGovernment shutdown meant no revenue first 2 monthsPost-acquisition liquidity for the winChallenges veterans face back homeAnswering the after-hours phone himselfHis journey from banking to behavioral healthInvestment from New Majority CapitalRefer...
Second-Time CEO Buys a $30m Title Company
Randy Rempp turned around a $17m insurance business as a rookie CEO, then used that track record to raise a search fund.Â
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The 3 Paths to Franchising for Acquisition Entrepreneurs - TODAY!! - https://bit.ly/4yGEhSeTopics in Randy’s interview:
From insurance lawyer to business operatorLeading 300 employees at age 29Why ownership beats being the hired gunSwitching to a traditional search fundInvestors bet on operators, not deal findersRiver guides unlock industries and warm introductionsInside the $31 million acquisition structureWhy every CEO needs a strong CFOThe F-reorg that saved the dealRefinancing to retu...Acquiring Isn't Always a One-Way Door
Gabriel Cruz Avila bought a $1.4M remodeling business, weathered a divorce and burnout, then sold it two years later.Â
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The 3 Paths to Franchising for Acquisition Entrepreneurs - Thu, Aug 6 - https://bit.ly/4pY7VOXTopics in Gabriel’s interview:
Lessons learned from his dad’s businessGetting bored in the oil and gas industryJoining ETA Circle in HoustonLeaning on his warehouse management experienceAcquiring a tile and marble companyFailing to dig deep into historical revenueUsing technology to eliminate 2 admin rolesNegative working capital in home remodelsGoing through a divorceBurnout led to selling the bu...How 1 SBA Loan Brought Down 2 Businesses
Edgar Galindo and his partner bought 2 businesses with SBA loans. Now he's facing the consequences of shuttering both.
Topics in Edgar’s interview:
Construction background in his family business“Google-funded search”Wanted flexibility to start a familyAustin-only geographic search Found partner through SearchfunderFirst deal: Austin landscaping companyBuying a second business within 6 monthsMaking quick changes to the businessUndisclosed liabilities and customer-stealing employeesClosing both businesses and facing bankruptcyReferences and how to contact Edgar:
LinkedInWork with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
Pioneer Capital AdvisoryGet complimentary due dil...
60% Concentration That Killed an Exit
Raj Mahajan bought a salon software business, tripled it to $11M ARR. Then his biggest customer launched a competitor.
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Tax Issues: Entity and Deal Structuring - TOMORROW!! - https://bit.ly/4frQstmTopics in Raj’s interview:
Wanting to move “from coach to quarterback”Buying a niche point-of-sale software companyConverting to cloud-based SaaSGrowing recurring revenue from $4 to $11 millionEstablishing a headquarters for the remote companyA failed exit to private equityHis biggest customer stealing his softwareEmotional turmoil of Covid + lawsuitChoosing to protect his teamLessons learned from good and bad yearsReferences and ho...
Product-Market Fit in the Trades: 4x in 2.5 Years
Patrick Beal left tech to buy an HVAC business with 90% seller financing, no SBA. He's on track to hit $3.5m this year.Â
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Working Capital: One of ETA’s Most Expensive Mistakes - TODAY!! - https://bit.ly/4f8pSGYTopics in Patrick interview:
Entrepreneurship in his familyZoom fatigue from remote workSearching in Northeast OhioFinding a business through his networkMeeting with the seller for almost a yearStructuring 10% down, 90% seller noteUnderestimating working capital needsKeeping his W-2 until the business grewQuadrupling revenue in 2 yearsWorking on getting his HVAC licenseReferences and how to c...
No SBA, No Investors: The Liquidity Access Line
Brian Jungles bought a $400k direct mail business in Atlanta and skipped SBA by pledging his portfolio as collateral.
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Don't Rush: How to Prepare for a Quality of Earnings Report - TOMORROW! - https://bit.ly/3T4OQOJWorking Capital: One of ETA’s Most Expensive Mistakes - Thu, Jul 23 - https://bit.ly/3T1aELeTopics in Brian’s interview:
Leaving his corporate career at AdobeFinding a business through his networkAcquiring for $400k cashGetting a personal line of credit through his bankDirect mail is still effectiveGrowth is a lot of work...Acquiring a $7m Niche Marketing Agency with 50 Employees
Rob Belk networked his way to "the most caffeinated guy in town" searching for a local business — then found it online.Â
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From Working IN the Business to ON the Business: How Owners Make the Transition - TODAY!! - https://bit.ly/4aKP3fYDon't Rush: How to Prepare for a Quality of Earnings Report - Tue, Jul 21 - https://bit.ly/4feY1DPTopics in Rob’s interview:
Geographic search in the Triad of North CarolinaNetworking with local business ownersFinding a business through AxialBuying a marketing and consumer research agencyHis choice to st...Escaping the J-Curve in a $700k SDE Ecom Business
Chris Farkas endured a 7-week fetal position moment when he finally found a website bug that had cost him $500k in sales.
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From Working IN the Business to ON the Business: How Owners Make the Transition - Thu, Jul 16 - https://bit.ly/4vRBhk8Topics in Chris’s interview:Â
Going through Acquisition LabFirst deal fell through on Christmas EveAcquiring an ecommerce business with a warehouseBuying inventory he didn’t wantThe marketing agencies that hurt his businessBusiness almost tanked due to website glitchDoing $10k in sales per dayHardship of traveling every other...Never Worked Harder, Never Been Happier
After 25 years in corporate, Gina Rosen bought a jewelry wholesaling business with $635k in sales — now on track to $1m.
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Finance Essentials Before You Close - TODAY!! - https://bit.ly/4fcxTdKTopics in Gina’s interview:
Leaving corporate for more family timeDecoupling her salary from her valueAcquiring the supplier for her side gigHer mistake with buying inventoryKeeping her corporate job the first yearGoing full time in the business to focus on salesStanding out by making sales calls in-personOperating a highly seasonal businessHow tariffs have affected her businessAcquiring without the SBAÂ <...Career Consultant Who Bought a 7-Figure Manufacturer
Buying a metal fabricator with $1m in earnings pivoted Paul Callahan into the new entrepreneurial chapter of his career.
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Finance Essentials Before You Close - Thu, Jul 9 - https://bit.ly/4eMaUowTopics in Paul’s interview:
M&A, integrations, and private equity experienceCOVID Zoom fatigue sparked career pivotAtlanta’s crowded deal market challengesHiring buy-side help while still workingPursuing full ownership without outside investorsNavigating two simultaneous LOIs carefullyChoosing SBA 504 over 7(a) financing for the real estateAcquiring a high capex businessReplacing Ferrari equipment with Toyota reliabilityWhy consultants make strong ETA operatorsRef...
(replay) Art of the Roll-Up: 40 Businesses in 4 Years
Jeff Homer bought a small local music school as a fun side hustle. It turned out to be the opportunity of a lifetime.
Topics in Jeff interview:
Switching from high finance to music schoolsBuying his first music school as a side projectRaising growth equity after first 2 acquisitionsAcquiring a music school every monthArtists’ negative predisposition toward sellingComparing profitability of music vs. danceImportance of general managers in scalingImplementing apps to streamline operationsOther industries with roll-up potentialRolling up 60+ music/dance schools nationwideReferences and how to contact Jeff:
LinkedInEnsemble Performing ArtsDownload the New CEO’s Guid...
Growing a $5m Metal Business 40% in Year 1
Caleb Standafer believed in manufacturing and wanted to spend his career there. A multi-year pivot and ETA got him in.
Topics in Caleb’s interview:
Moving from tech to manufacturingManufacturing is important for our country7 years operating before searchingThe manufacturing concept of “going to Gemba”His 4-year part-time searchTaking time weekly to develop his leaders Partnering with his dadModernizing 1970s technologyManaging 75% customer concentrationRenegotiating payment terms with his largest customerReferences and how to contact Caleb:
LinkedInSpringfield Tool & DieGet complimentary due diligence on your acquisition's insurance & benefits program:
Oberle Risk Strategies - Search...How to 4x EBITDA in 3 Years Without Growing Sales
Ned Tomasevic navigated an early crisis then grew EBITDA to $6m and exited at over 8x, four turns higher than he'd paid.
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Transferable Skills: Crafting Your Resume for SBA Lenders - TODAY!! - https://bit.ly/4v3KOnfTopics in Ned’s interview:
Being the first American in his familyUtilizing 20 interns for outreachAcquiring with help from a search fundPost-closing discovery led to lawsuitStress shows up in your body firstGetting guidance from his coach and mentorsReducing shrink from 20% to 3%Quadrupling EBITDA in 3 yearsTaking a year off after exitingHis new role as inv...Leaving $700s/Yr to Buy an Underperforming Printing Business
Dominick Smith left a lucrative track in PE to pursue a path that offered more meaning. Buying a business has delivered.
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Overcoming Common Deal Sticking Points - TOMORROW!! - https://bit.ly/3Qx1g0WTransferable Skills: Crafting Your Resume for SBA Lenders - Thu, Jun 25 - https://bit.ly/4uOEqQDTopics in Dominick’s interview:
Leaving a lucrative job in his late 20’sDodging bullets with due diligenceRenegotiating purchase priceManaging white collar vs blue collar employeesWasting money on ineffective marketingLearning budgeting and frugalityAdvantages of staying in the weedsAggressively pursuing new businessDiscovering and f...From Software to Concrete Cutting (and $1.4m of SDE)
When the owner refused a seller note in the $6m transaction to sell his business, Tom McCormick had to get creative.
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Understanding a Quality of Earnings Analysis: What's Included and Why - TODAY!! - https://bit.ly/43sZcKnTopics in Tom’s interview:
From IBM executive to acquisition entrepreneurBuilding banker relationships to source better dealsClosing on his first LOIConsulting agreement replaced traditional seller note “I wish I would've started this path 15 years ago.”Winning seller’s trust through shared valuesUsing ROBS to buy a larger companyA costly lesson about accounts receivable...Good Bones: Saving a $3m Business in Decline
Despite his love of operations, Himmat Singh intended to own his acquisition passively. Then the lead sales guy quit.
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Understanding a Quality of Earnings Analysis: What's Included and Why - Thu, Jun 18 - https://bit.ly/4vhhY3tTopics in Himmat’s interview:
Operating a business for a billionaire in IndiaRan traditional search, closed zero acquisitionsTargeted recession-proof home care opportunitiesBecame CEO of elder care company he couldn’t acquireGrew EBITDA 4x through operational cleanup and systemsSold company to private equity, remaining CEOLife-changing exit from elder care companyLanded printing acquisition through relat...How to Buy a $20m Business as a First-Timer
When Alan Turkus found a business with a mission, he knew he'd found the right fit for the final chapter of his career.
Topics in Alan’s interview:
Background in book publishingPost-MBA career in techTaking a career break to raise his sonFrom co-op cashier to co-CEOSeeking security through business ownershipAcquiring a home health and hospice franchiseRaising equity from search investorsRetaining a little over 50% ownershipStructuring with 2 forgivable seller notesThe advantage of buying a bigger businessReferences and how to contact Alan:
LinkedInInterim Healthcare of Twin CitiesElliott Edge on Acquiring Minds: 1 Business vs Many: Deciding to Ro...How to De-Risk the Personal Guarantee
Brendan Burdette and Ryan Conner have launched personal guarantee insurance to enable more — and stronger — SBA buyers.
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Score It or Skip It: A Framework for Fast Deal Evaluation - Thu, Jun 11 - https://bit.ly/3Q1D9qMTopics in Brendan & Ryan’s interview:
Psychological weight of the personal guaranteeBuilding a personal guarantee insurance productTaking the risk from a 10 to a 5Sequence of events after defaultTargeting mid to late career operatorsPremiums decrease over timeBalancing risk between unequal partnersSolving the seller rollover conflictPhilosophy of “skin in the game”How they hope this affect...