• Buy, Grow, Exit for a 24x Return in 3.5 Years

  • Feb 10 2025
  • Length: 1 hr and 10 mins
  • Podcast

Buy, Grow, Exit for a 24x Return in 3.5 Years

  • Summary

  • Register for the webinars:

    • Legal Aspects of Debt Financing - Thu Feb 13 - https://bit.ly/414vOtc

    • Using a Sale-Leaseback to Buy a Business - Thu Feb 20 - https://bit.ly/42I4dPY

    Former guest Chris Edwards has sold the $1.7m flooring business he bought with $200k of his own money and an SBA loan.

    Topics in Chris’s interview:

    • Why he chose to sell his flooring business
    • Deciding not to rebrand
    • Owning and operating in a small, isolated town
    • A countertop acquisition that went south
    • How a holdco is different from running one business
    • Fetal positions and sleepless nights
    • Improving their customer service
    • Why he might build his next business from scratch
    • Losing clients to a former employee
    • Growing EBITDA from $500k to $1.1M

    References and how to contact Chris:

    • Twitter
    • LinkedIn
    • chris@sanitasequity.com
    • Chris’s first appearance on Acquiring Minds: How to Survive Acquiring a $3.5m Flooring Business
    • Chris’s second appearance on Acquiring Minds: Would They Do It Again? 1 Year Later with 5 Early Guests

    Download the New CEO’s Guide to Human Resources from Aspen HR:

    • From this page or contact mark@aspenhr.com

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

    Get a complimentary IT audit of your target business:

    • Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher

    Connect with Acquiring Minds:

    • See past + future interviews on the YouTube channel
    • Connect with host Will Smith on LinkedIn
    • Follow Will on Twitter

    Credits:

    • Produced by Pam Cameron
    • Edited by Anton Rohozov
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