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How to Identify & Buy a Great Residential Contractor
Podcast |
Acquiring Minds
Publisher |
Will Smith
Media Type |
audio
Categories Via RSS |
Business
Entrepreneurship
Investing
Publication Date |
Mar 21, 2024
Episode Duration |
01:19:38

Register here for the webinar, Working Capital 101

Alan Lochridge left a career in consulting to buy a 20-year-old $5.5m hardscaping contractor with strong fundamentals.

Topics in Alan’s interview:

  • Years of searching before acquiring
  • Understanding the ROBS financing strategy
  • Reiterating company values weekly
  • His day-to-day role as owner
  • Restructuring to do more with fewer people
  • Embracing digital marketing and CRM tools
  • Why he’s so comfortable with project-based revenue
  • Advantage of a negative cash conversion cycle
  • Pros and cons of using subcontractors
  • Getting his general contractor’s license

References and how to contact Alan:

Get a complementary pre-acquisition HR & PEO review for your target business:

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

Connect with Acquiring Minds:

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