With 4 acquisitions since starting in 2018, Justin Turner explains how his team is building a permanent equity holdco. Themes from Justin’s interview:The appeal of holding on to companies for a longer periodWhy buying a $4-5M business might be easier than buying a $1M oneLetting the seller relationship develop naturallyWhy paving companies make great acquisitionsWaiting to finalize the equity until after the deal is in handSetting acquisitions up in a holdco structureReach Justin at:j turner at traction cp dot com

@Fundof1 was searching for a business in a tight geography, and found a great fit in a $760k appliance repair company. Themes from John’s interview:Buying a $760k appliance repair companyHow to balance very specific search criteriaChoosing a steady industryWalking into a business with an established sense of communityDeciding between using investors or notFocusing on improving the business rather than day-to-day operationsRemembering to have funBuilding trust with employees who don’t work in the officeReach John at:@Fundof1

Knowing zero about manufacturing, Josh Paulson found purpose when he bought a small & struggling producer of pet cages. Themes from Josh's interview:Owning the business saved his lifeWhat manufacturing is likeFiring all but 1 employee (who spoke little English)Reducing the product line from 2000 SKUsRebuilding a business with limited resourcesReach Josh at:Quality Cage

Devin Wanzor went from a corporate gig with 50 employees to buying a $3M liquor store and playing golf 3 times a week. Themes from Devin's interview:What makes Devin's liquor store so profitableThe major risk involved in acquiring a liquor storeThe self-image shift from corporate manager to liquor store ownerBoosting revenue with an easy price cleanupMaintaining a 15-hour workweekReach Devin at:@DevinWanzor

Mike Curry bought a business only to struggle for years as its new CEO. He shares the lessons that unlocked 2x growth. Themes from Mike’s interview:Entrepreneurship through acquisition (ETA) isn’t just for MBAsBuying a business is art and scienceThe perks of the traditional search fund modelBuilding a strong community of fellow entrepreneursBecoming CEO of an established companyEarning your employees’ trustThe need for diverse business leadersReach Mike at:mcurry at apex physics dot comOfficial episode page & full show notes at AcquiringMinds.co:It's All Your Fault: How to Become CEO of Your Acquisition

Geoff Oliver bought 2 laundromats in rural Texas. He shares his numbers & what to consider when acquiring a laundromat. Themes from Geoff's interview:How working as an SBA lender lit a fire for acquisitionsLooking for a real estate investment and finding a great business insteadWhat makes laundromats competitiveSelf service vs. full serveWhy quality of laundromat equipment can matter more than earningsUnderstanding your customers’ preferences before making changesThe growth potential of asset-heavy businessesThe appeal of “zombiemats”How to hire a manager for your laundromatReach Geoff at:@GeoffOliverATX on Twitter

Harvard's acquisition entrepreneurship conference took place last week. Organizer Michael Ledecky shares 5 takeaways. Themes from Michael's interview:Buy a good business in a great industry4+1 Model for searching3 industries for acquisition entrepreneurs to considerMental health in searchWomen in searchThai Lee, acquisition entrepreneur who became a billionaireDiversifying paths of searchPredictions for search in 2022 & 2023Tons of names & resources cited in this episode. Here they all are:Michael Ledecky2021 ETA ConferenceEntrepreneurship Through Acquisition Club at HBSThe book that inspired Michael, HBR Guide to Buying a Small Business: Think Big, Buy Small, Own Your Own CompanyThe authors and HBS professors: Royce G. Yudkoff & Richard S. RubackPacific Lake, and partners Coley Andrews & Jim SouthernThe 4 + 1 Industry Search Framework by Pacific LakeSteve Divitkos' episode on Acquiring Minds, From Search Misery to Successful CEOPaul Thompson's Search Fund ManifestoAndrew MondiThai LeeJim Sharpe's blogTrish Higgins of ChenmarkAndrew SaltounSearch Fund Accelerator (SFA)Broadtree PartnersIrv Grousbeck, developer of the traditional search model

Having searched, acquired, and exited a business himself starting back in 2007, today Mark Sinatra invests in searchers. Themes from Mark's interview:Running a traditional search fundHow search has changed over the last 15 yearsThe challenge of staying optimistic during a traditional searchThe capacity of small and mid-sized companies to absorb changeClient management during a recessionDealing with clients’ attachment to familiar processesWhat a search investor looks for in searchersImportance of bringing a deal to investors sooner than laterReach Mark at:mark [at] etaequity dot comLinkedIn

Casey Clark talks hot industries, identifying growth potential in a business for sale, and avoiding common SMB pitfalls. Themes from Casey's interview:Choosing the right industry for you3 hot industries for acquisition  Acquisition opportunity checklistHow to convince a seller to let you speak with managementThe “propeller” methodology3 common traps for small business ownersReach Casey at:LinkedIn

Resisting at first, Mark Litton eventually realized that buying the family biz was the perfect path to entrepreneurship. Themes from Mark's interview:Buying a business from a family memberRedefining “real” entrepreneurshipStructuring a deal with 100% financingUnderstanding the business’s numbers before you buyGetting through struggles in your first yearRecession-proofing your businessFree resources for aspiring acquisition entrepreneursReach Mark at:mark at howard medical dot comHoward Medical Company

Learn how to find a lawyer for your deal, how much you'll spend, what to look for, and how to avoid suing the seller. Themes from the interview with @SMB_Attorney:Absolutely necessary: a good lawyerWhat to look forReferences? Reviews? Hmm, difficultWhat you'll payDon’t be afraid to negotiate priceDo they need to be in the same location as your deal?You don’t want to sueIndemnification: Get familiar with itOfficial episode page & full show notes at AcquiringMinds.co:How to Hire an Attorney for Your Acquisition

Jordan Carter & Robert Graham argue for self-funded search over traditional search funds or the "buy small" approach.Themes from the interview with Jordan & Robert:Self-Funded Over TraditionalBuy BiggerTurning $200k into $4M+How Much Money You'll NeedBe Prepared to MoveNo Deal Experience? No ProblemWhat Makes a Good SearcherReach Jordan & Robert on LinkedIn:Jordan CarterRobert GrahamOfficial episode page & full show notes at AcquiringMinds.co:The Argument for Self-Funded Search

Neil Granberry bought a bubble ball business to prove himself as an entrepreneur while pursuing an MBA at the same time.Themes from Neil’s interview:The advantages of a small starter business as a first acquisitionLooking past media hype that paints billionaire startup founders as the only entrepreneursThe value of a customer listThe beauty of acquiring a small business that is already profitableTaking a hard look at a company’s books to negotiate a better sale priceDelegating operations to trusted employees to better position yourself for a sale later onReach Neil at:@NeilGranberryNashville Bubble BallOfficial episode page & full show notes at AcquiringMinds.co:Starter Acquisition: Buying a $25k Business

Thanks to changing his search from traditional to self-funded, Chris Williams bought a $1m EBITDA bookkeeping business.Themes from Chris's interview:Traditional versus alternative search fund modelsThe advantages of self-funded search (if you can afford it)The appeal of bookkeeping businessesHow to stand out to potential sellers who have heard it all beforeThe first six months after acquisitionReach Chris at:Chris [at] systemsix [dot] comSystem SixOfficial episode page & full show notes at AcquiringMinds.co:Stay Open to the Many Flavors of Search

Steve Divitkos shares tips from his acquisition, from the solitude of search to the delicate balance of being a new CEO.Themes from Steve's interview:The full lifecycle of a traditional searchThe biggest myth about entrepreneurshipSurviving the search processWhy he bought MicrodeaManaging relationships with the sellers (the price of peace)What to do in your first two weeks as CEO Why you should diagnose before you prescribeReach Steve at:His blog & podcast In the TrenchesOfficial episode page & full show notes at AcquiringMinds.co:From Search Misery to Successful CEO

A podcast exposed Jason Budd to buying businesses. After 10 years in corporate, he'd found his path to entrepreneurship.Themes from Jason's interview:How Jason found the right business with the help of a mentor and a podcastDue diligence when it comes to finances and staffKeeping your options open in case a sale falls throughTechnical understanding of your acquired businessWhat the history of an established business can tell youGetting to know the stories of the people who will work for youBeing the project manager of your own dealReach Jason at:MetasystemsLinkedInOfficial episode page & full show notes at AcquiringMinds.co:Buying a 45 Year Old Software Business

Closing on his 2nd acquisition in 10 months, Mike Botkin just became Central Florida's largest landscaping business.Themes from Mike's interview:Acquiring a second landscaping businessDropping customers to grow Developing a playbook for operating a landscaping businessTreating your employees rightDownsides of SBA loans and traditional search fundsThe invaluable resource of keeping the previous owner in the bizViewing landscaping from a logistics perspectiveWhy landscaping businesses are great acquisitionsReach Mike at:LinkedInOfficial episode page & full show notes at AcquiringMinds.co:How to Buy Landscaping Businesses

Jessica Markowitz used a traditional search fund to search for & ultimately buy a great business. But the road was long.Themes from Jessica's interview:Acquiring a business through a traditional search fundLeveraging an army of interns to power the searchSearch fund partnership with a close friend Maintaining a good relationship with a business owner even after they decline youRunning a legal services company without a law degreeReach Jessica at:LinkedInOfficial episode page & full show notes at AcquiringMinds.co:Anatomy of a Search: 40 Interns, 25 Months, 20 Offers

There are many lenders out there eager to finance your acquisition. SBA loan expert Lisa Forrest explains how to choose.Themes from Lisa's interview:Working with lenders to secure an SBA loanChoosing the right lender for youHow to prepare for your SBA loan conversationGetting an SBA loan for SaaS and eCommerce businessesHow business owners can plan ahead for a cash crunchWhy now is a great time for buyersReach Lisa at:lisa [dot] forrest [at] liveoak [dot] bankLive Oak BankOfficial episode page & full show notes at AcquiringMinds.co:How to Choose Your Lender When Buying a Business

Shannon Jones explains how acquisition entrepreneurs should navigate the realities of buying a blue collar business.Themes from Shannon's interview:Killing relations with a blue collar seller by being too "quant"Importance of vulnerability when negotiatingHow to know if a blue collar business is in an industry that’s right for youManaging blue collar employees and common pitfallsTransitioning as a new owner of a blue collar businessWhen is the right time to make changes as a new owner?Reach Shannon at:s jones [at] halstattLinkedInHalstatt Legacy PartnersOfficial episode page & full show notes at AcquiringMinds.co:The Poetry of Buying a Blue Collar Business

Due diligence expert Elliott Holland shares the top things he wishes he’d known when he first started buying businesses.Themes from Elliott's interview:Started the due diligence firm he wished he’d had himselfFor LOIs, don’t let perfect be the enemy of the goodEarly information on an acquisition is +/- 40% correct (and that might be OK)The information you get post-LOI is what mattersDon’t be surprised if the seller doesn’t trust you right awayReach Elliott at:LinkedInGuardian Due DiligenceOfficial episode page & full show notes at AcquiringMinds.co:What You Don’t Understand About Buying a Small Business

Nick Haschka shares what's changed in the market since acquiring his first small business in 2016. (Hint: it’s harder.)Themes from Nick's interview:The rise and fall of the “silver tsunami”Private equity’s pivot from hands-off to getting dirtyMBAs jump into the acquisition arenaThe labors of labor shortagesWhy B2C is beating B2B Saying yes to no-codeReach Nick at:LinkedInCub InvestmentsThe Wright GardnerOfficial episode page & full show notes at AcquiringMinds.co:6 Ways Buying a Business Has Changed Since 2016

Less than a year after acquiring a $1m medical billing business, Curt Neider is already looking for his second deal.Themes from Curt's interview:Buying a medical billing company doing ~$1 million/yearThe appeal of medical billing businessesBecoming a certified professional biller to understand the businessHow Curt immediately improved operationsSeparate line of credit for working capital (not rolled into SBA loan)Acquiring with a partner"Altruistic kicker" of buying a business that helps peopleSecond acquisition less than a year after the firstReach Curt at:LinkedInIlluminate Billing AdvocatesOfficial episode page & full show notes at AcquiringMinds.co:How to Buy a Medical Billing Business

Key lessons for acquisition entrepreneurs from Andrew Finn, who has grown a service business & acquired SaaS businesses.Themes from Andrew's interview:Opportunity in sub $1m EBITDA businessesSaaS vs. services businessGrooming an operator to extract yourself from the businessWhat makes a good SaaS acquisitionYour acquisition journey — just startJumping from labor to capitalCapital CampReach Andrew at:andrew at g64 ventures dot comG64 VenturesOfficial episode page & full show notes at AcquiringMinds.co:Investing Like an 1880s Businessman

Don't have the 10-20% cash to buy a business with SBA? Search investor Steve Ressler explains how to attract investors & structure the deal.Themes from Steve's interview:The 4 flavors of searchChoosing the right investorsSBA loan mathRaising the 10%Buying a business in an industry you don't knowSetting investor expectationsCommon mistakes to avoidReach Steve at:sressler @ gmail@steveresslerLinkedInHis newsletter, ETA MusingsOfficial episode page & full show notes at AcquiringMinds.co:Using Investors to Buy a Business with SBA

Sales had dropped to zero when Martin Bispels acquired Upper Park Disc Golf. A year later, they are nearing $2 million.Themes from Martin's interview:Buying a business on FlippaWhat Martin asks himself every day to be a good CEOCriteria used to identify a business to buyHiring the seller of the businessTrue cost of buying a businessMaking a detailed plan before acquiring the businessBuilding a team before acquiring the businessReach Martin at:martin at upper park disc golfUpper Park Disc GolfOfficial episode page & full show notes at AcquiringMinds.co:Growing a Flippa Business to $2 Million

Hard-won lessons about buying micro SaaS businesses from Andrew Pierno, who has acquired 3 and plans to buy many more.Themes from Andrew's interview:Breakdown of the XO Capital portfolioHow to source micro SaaS acquisitionsMicro SaaS due diligencePaying for operatorsThe appealing product roadmap of tiny software vs. largeBottlenecks of the tiny modelWhether moving upmarket make senseWins so farMicroAcquire & FlippaReach Andrew at:@AndrewPiernoHis blog at XO CapitalOfficial episode page & full show notes at AcquiringMinds.co:How to Build a Portfolio of Micro SaaS Businesses

Pete Seligman stepped off a comfortable corporate path to buy a small business in 2013. He's since acquired 4 more.Themes from Pete's interview:Why Pete exited the corporate track to acquire a companyHow risky is acquiring a business?Role of passion when deciding which business to buyRole of industry experience when deciding which business to buyHow long it takes to succeed in acquisition entrepreneurshipThe type of person who should buy a companyReach Pete at:LinkedInHis websiteOfficial episode page & full show notes at AcquiringMinds.co:Making a Career of Buying Businesses

After years of struggling to launch products from scratch, Casey Allen pivoted to buy a $1.7m coffee supplies business.Themes from Casey's interview:Struggling for years to launch products from scratchThe benefits of acquiring a company insteadBuying an e-commerce business as COVID sales take offBuying a 24-year-old content site with 12 million annual visitorsContent vs. e-commerceAdvice for acquirers who have $10k, $50k, or $250k in cash to buy a businessReach Casey at:LinkedInHis first acquisition, Barista WarriorHis second acquisition, Interactive MathematicsOfficial episode page & full show notes at AcquiringMinds.co:Buying a $1m Coffee Biz After Years of Starting from Scratch

Due diligence pro Ahmed Raza on the 3 key things to evaluate when buying a business in e-commerce, SaaS, or content.Themes from Ahmed's interview: 3 things to evaluate in an e-commerce business you might buy 3 things to evaluate in a SaaS business you might buy 3 things to evaluate in a content/affiliate business you might buy Reach Ahmed at:LinkedInHis firm, Rapid DiligenceOfficial episode page & full show notes at AcquiringMinds.co:Top 3 Pitfalls When Buying an Online Business

Charles Barr just acquired DiMartino Plumbing. He considered HVAC & electrical as well but plumbing was the sweet spot.Themes from Charles’ interview:Buying a small business as a path to wealthWhy plumbing?Why he decided against HVAC & electricalNumbers on the business & his dealWhy he’s getting his plumbing licenseReach Charles at: LinkedInHis acquisition, DiMartino Plumbing@CapitalistChuckOfficial episode page & full show notes at AcquiringMinds.co:Why Plumbing Companies Make Awesome Acquisitions

Vivian Chen bought an abandoned online business for almost nothing, then grew it to $5k/mo — while keeping her day job.Themes from Vivian’s episode:Years of false starts before deciding to acquireAdvice to side hustlersParallels between buying an online business & real estate investingWhen to go full timeKnowing yourself is key to your journey as an acquisition entrepreneurIt takes longer than you expect...…so get startedReach Vivian at: LinkedInModern InnkeeperOfficial episode page & full show notes at AcquiringMinds.co:Buying an Online Side Hustle (for Less than $5k)

Chris Edwards' first 6 months as new owner has been a “bloody knife fight.” But things are looking up, with the business projected to profit $750k this year.Themes from Chris’s interview: Chris’s advice for new owners (be a shock absorber) What made Chris a competitive buyer Solo buyer vs. having a partner How to implement changes as a new owner (hint: slowly) High stress, high stress, high stress…less stress “The worst decision he’d ever made”? Reach Chris at:@toph_edwardsHis flooring company, Affordable Flooring WarehouseOfficial episode page & full show notes at AcquiringMinds.co:How to Survive Acquiring a $3.5m Flooring Business

Brute Force thrived during COVID, but 2021 hit hard. Sales plunged 60% in one month. Mike Brown bought it to fix it.Themes from Mike’s interview: Why Mike was "acquisition curious" and what made him pull the triggerBetting on yourself Unsexy local businesses vs. e-commerce How the iOS privacy updates are affecting e-commerce How Mike handled sales collapsing 60% from May to June Adversity making you -- or your business -- stronger (h/t Jocko Willink)Reach Mike at: LinkedInHis e-commerce company, Brute ForceOfficial episode page & full show notes at AcquiringMinds.co:Acquiring an $8m Distressed E-Commerce Biz

Cassi Niekamp didn't know anything about fencing when she acquired Bowden Fence. But she turned this to her advantage.Themes from Cassi’s interview: Bringing a student’s mind to your acquisition Using vulnerability to earn trust Doubling production in 60 days Building rapport with the seller Buying the first business you see Reach Cassi at: LinkedInHer company, Bowden FenceOfficial episode page & full show notes at AcquiringMinds.co:Buying a $1.2m Fencing Business & Earning Trust Quickly

Mike Gardon bought websites to be his own boss. His best acquisition does $100k/mo — and he bought it for 5 figures.Themes from Mike’s interview:Why buying a website is better than building from scratchSEO & affiliate websitesOpportunity for smaller buyers of affiliate sitesThinking about your websites like a financial portfolioThe importance of a foundation businessReach Mike at: LinkedInHis personal website, michaelgardon.comCareerCloudBonus: Quotebook, a project of Mike's he can pursue thanks to the freedom provided by his businessOfficial episode page & full show notes at AcquiringMinds.co:Making $100k/mo by Buying Websites

5 tactics to boost sales of acquired e-commerce businesses — and other insights from e-commerce aggregator TCM Digital.Key themes from Golan's interview:There is still plenty of room for solopreneurs to made good e-commerce acquisitions.Prices of e-commerce businesses have gone up, but still good value there.5 tactics TCM uses to quickly boost sales of the e-commerce businesses they acquire.TCM Digital is an e-commerce aggregator based in Tel Aviv that has acquired 28 e-commerce businesses to date.Reach Golan Manor at:LinkedInTCM DigitalHammock Sky and Lens Ball are two of the TCM brands mentioned in the interview.Official episode page & full show notes at AcquiringMinds.co:Buy an E-Commerce Business: Tips from an Aggregator

How an outsider started with little money and bought 12 translation agencies in 6 years, aiming to reach €5m in revenue.Key themes from Cédric's interview:Acquired a translation agency in 2015 that was doing about €1.5m annually.He had little of his own money at that time and took a large loan to make the acquisition happen.6 years later, he's acquired 11 more agencies and is aiming to reach €5m in annual revenue by the end of 2021.Reach Cédric Sigoire at:LinkedInHis translation agency, DEMAN TranslationsOfficial episode page & full show notes at AcquiringMinds.co:€5m a Year by Acquiring Translation Agencies

With 6 e-commerce acquisitions and counting, Kelcey Lehrich has built 365 Holdings rapidly over the last 4 years.Key themes from Kelcey's interview:E-commerce as a path for acquisition entrepreneursOther businesses Kelcey likes for acquisition entrepreneursBusiness-buyer fitPersonal guaranteesReach Kelcey Lehrich at:@kelceylehrichLinkedInHis e-commerce holding company, 365 HoldingsThe 365 EIR Program (+ great article on entrepreneurship through acquisition)Official episode page & full show notes at AcquiringMinds.co:How to Build an E-Commerce Acquisition Company

An early buyer on MicroAcquire, Spencer Scott acquired a SaaS for $280k. He analyzed the deal like a rental property.Key points from Spencer's story:He wasn't looking seriously for an acquisition but saw an opportunity and grabbed it: Median.The tech is what impressed him most. He couldn't believe the product was a small indy SaaS built by a couple developers.Median was selling for about 4x revenue, which was $75k ARR.Spencer learned the hard way to include teeth in an acquisition letter of intent.Reach Spencer Scott at:@AKASpencerScottSpencer's SaaS acquisition, Median.LinkedInOfficial episode page & full show notes at AcquiringMinds.co:Acquiring a $280k SaaS on MicroAcquire

Dan Spracklin acquired a septic pumping business doing $1M annually, then grew it to $3M and margins to 30% in 2 years.Key points from Dan's story:Gray Brothers was a septic pumping business founded in 1929, run by Dan Spracklin's father-in-law.It was generating about $1m per year in revenues from 22,000 customers. Septic pumping companies typically have margins of 10-15%.Dan & his wife added adjacent septic services to Gray Brothers and improved operations. Within 2 years, they'd pushed revenues to $3m and margins to 30-35%.Septic pumping is a great lifestyle business for existing owners: low customer churn, high barriers to entry, recession proof.It's difficult for entrepreneurs to start a new pumping businesses, so best to buy out a retiring owner if you can find one.Reach Dan Spracklin at:@DanSpracklinGray Brothers, his septic companySoMax Circular Solutions, the sewage conversion offshoot LinkedInOfficial episode page & full show notes at AcquiringMinds.co:Buy a Septic Business & Make $3m ARR

Two brothers took over a 110-year-old business in a stagnating industry. 7 acquisitions later, the future is bright.Key points from Ben's story:Ben Grossman & his brother pivoted their 110-year-old family business from printing to promotional products.The strategy was executed by acquisition: 7 of them from 2013 through 2021.Ben discusses the importance of treating sellers well to build a list of happy sellers that he can show future sellers as a reference.He explains how he uses suppliers to source leads on potential acquisitions.He also explains how to effectively work with business brokers.Reach Ben Grossman at:Follow Ben on Twitter at @bigrossman.He also maintains a personal website that lists all of Grossman Marketing Group's acquisitions at bengrossman.info.LinkedInOfficial episode page & full show notes at AcquiringMinds.co:Pivoting to Swag in 7 Acquisitions

How an online entrepreneur teamed with a family office to acquire & grow a portfolio of 15 websites for over $2 million.Key points from Paul's story:Paul Lemley teamed with a family office to source, acquire, and grow a portfolio of websites.They ultimately acquired 15 sites across 3 acquisitions, spending between $2 and $3 million in total.Paul highlights 5 lessons from this recent foray into the website deal world.Reach Paul Lemley at:@palemleyThe flagship of his acquisition, RunnerClick.comLinkedInOfficial episode page & full show notes at AcquiringMinds.co:5 Lessons from Acquiring a $2m Portfolio of Websites

Rick Schmitz was an inexperienced 22-year-old with no money when he acquired a run-down ski resort and turned it around.Key points from Rick's story:Rick Schmitz was a 22-year-old graduating senior uninterested in pursuing a career in finance.He saw a small ski resort for sale in his native Wisconsin. It had been on the market (and losing money) for 5 years.Negotiated the original list price down from $1m to $625k.Most banks rejected him outright for a loan, but gradually he cobbled together the purchase price.17 years later, Rick has acquired and operates 2 other resorts in the upper Midwest.Reach Rick Schmitz at:LinkedInHis first acquisition, ‍Nordic MountainOfficial episode page & full show notes at AcquiringMinds.co:How to Buy a Ski Resort at Age 22

In just 9 months, Mike Botkin decided to acquire a business, negotiated a great deal, and dramatically improved profits.Key points from Mike's story:B & B Landscaping was generating around $800k in annual revenues.Acquired it for 2x of SDE.Paid 50% cash up front, then the remaining 50% was seller financed with a 4-year loan at zero interest.Turns out a third of customer accounts are unprofitable, costing the business money & weighing down margins terribly. Money-losing customers are let go, and prices raised for many others.In 9 months, acquisition entrepreneur Mike Botkin has the idea to buy a small business, negotiates a great deal, learns the business, and boosts profits dramatically.Reach Mike Botkin at:@MikeBotkin_LinkedInHis acquisition, B & B LandscapingOfficial episode page & full show notes at AcquiringMinds.co:How to Buy a Landscaping Biz & Boost Profits Quick

Nick Haschka left a Silicon Valley career and bought an office plant service in 2017, then acquired 9 more through 2021.Key points from Nick's story:The Wright Gardner was doing $1-2m in annual revenue, with margins in the 20% range.Acquired the business in 2017 for ~3x of SDE.Used SBA for 65-70% of the purchase price, 15% seller financing, and cash for the rest.Four months after acquisition, SBA banker came to them with another indoor plant services business looking to sell. Acquired that business, plus 8 others since then.Acquired businesses average a couple hundred thousand dollars in annual revenue, though some as small as $100k. All asset purchases.Reach Nick Haschka at:@nickhaschkaLinkedInHis first acquisition, The Wright GardnerHis community for entrepreneurially-minded SMB operators at https://operators.mn.co/.Official episode page & full show notes at AcquiringMinds.co:How One Small Acquisition Led to 9 More in 5 Years

How first-time acquirer Philippe Vanderhoydonck found a 30-year-old trade media business & bought it in under 3 months.Reach Philippe Vanderhoydonck at:LinkedInHis acquisition, PETS InternationalKey points from Philippe's acquisition:PETS International is a 30-year-old trade publication that publishes 6 magazines and hosts 2 conferences per yearGenerates 20-35% margins on low-seven-figure revenuesOpportunity is to expand online presence and product offeringAcquired for low seven figures, a 3x multiple of annual earningsAcquisition went very quickly, only about 10 weeksOfficial episode page & full show notes at AcquiringMinds.co:How to Acquire Your First Business in 3 Months

How former management consultant Scott Whitt acquired and grew a small clinical trials business into the millions.Key points from Scott's acquisition:Triad was generating $850k in revenues & large 70% marginsScott acquired it in 2015 for 3.5x earningsUsed ROBS for part of the acquisition financingGrew revenues to $3m in 5 yearsPredicts business can grow to $6-7mReach Scott Whitt:[email protected] acquisition, Triad Clinical TrialsOfficial episode page & full show notes at AcquiringMinds.co:Buying a Clinical Trials Firm & Growing It to $3m