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How to Buy a Seasonal Biz: Buy Another for Low Season
Podcast |
Acquiring Minds
Publisher |
Will Smith
Media Type |
audio
Categories Via RSS |
Business
Entrepreneurship
Investing
Publication Date |
Oct 18, 2022
Episode Duration |
01:05:29

Andrew Harbin first bought an awning business, then bought a fencing franchise to keep his crew working through summer. 

Topics in Andrew's interview:

  • Should you buy a seasonal business?
  • Buying a second business to offset seasonality of first business
  • Twitter thread that opened his eyes to building wealth by buying  a business
  • Buying a business that is for sale by owner
  • Revenue + SDE of the awning business he acquired
  • Growth he's achieved in first years of ownership
  • How the awning business works (revenue sources, staffing, org chart)
  • Buying a $300-400k SDE business
  • Why hiring temps for seasonal businesses is unappealing
  • Fencing business: buying vs. starting from scratch vs. starting a franchise
  • Pros/cons of franchises
  • Big Jerry's fencing franchise
  • Tips for entrepreneurs considering buying a fencing business
  • Nature of stress in SMB vs. corporate
  • Loneliness of being a small business owner

Links & how to reach Andrew:

Get complimentary due diligence on your acquisition's insurance & benefits program:

Learn more about Walker Deibel's done-with-you buy-side advisory:

Connect with Acquiring Minds:

Andrew Harbin first bought an awning business, then bought a fencing franchise to keep his crew working through summer.

Andrew Harbin first bought an awning business, then bought a fencing franchise to keep his crew working through summer. 

Topics in Andrew's interview:

  • Should you buy a seasonal business?
  • Buying a second business to offset seasonality of first business
  • Twitter thread that opened his eyes to building wealth by buying  a business
  • Buying a business that is for sale by owner
  • Revenue + SDE of the awning business he acquired
  • Growth he's achieved in first years of ownership
  • How the awning business works (revenue sources, staffing, org chart)
  • Buying a $300-400k SDE business
  • Why hiring temps for seasonal businesses is unappealing
  • Fencing business: buying vs. starting from scratch vs. starting a franchise
  • Pros/cons of franchises
  • Big Jerry's fencing franchise
  • Tips for entrepreneurs considering buying a fencing business
  • Nature of stress in SMB vs. corporate
  • Loneliness of being a small business owner

Links & how to reach Andrew:

Get complimentary due diligence on your acquisition's insurance & benefits program:

Learn more about Walker Deibel's done-with-you buy-side advisory:

Connect with Acquiring Minds:

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