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How to Buy a Landscaping Business & Boost Profits Quickly
Podcast |
Acquiring Minds
Publisher |
Will Smith
Media Type |
audio
Podknife tags |
Business, 
Entrepreneurship, 
Interview, 
Investing, 
Mergers & Acquisitions
Categories Via RSS |
Business, 
Entrepreneurship, 
Investing
Publication Date |
Jul 08, 2021
Episode Duration |
00:41:59

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:

Official episode page & full show notes at AcquiringMinds.co:

In just 9 months, Mike Botkin decided to acquire a business, negotiated a great deal, and dramatically improved profits.

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:

Official episode page & full show notes at AcquiringMinds.co:

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