Buy and 3x a Project-Based Business in Just 2 Years
Oct 02, 2023•1 hr 39 min
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Episode description
In 2021, Johannes Hock bought an artificial turf installer business doing $5m. It's on track to exceed $15m in 2023.
Topics in Johannes’s interview:
- Comparing opportunities in private equity vs search
- Sources of deal flow beyond BizBuySell
- Mapping multiples to months for better perspective
- Acquiring an artificial turf company
- The luxury of finding a business with a GM
- How to value and finance a fast-growing business
- Tracking data from day one of ownership
- How weather affects his cash flow
- Unexpected costs of sales commissions
- Benefits of having a partner in search
References and how to contact Johannes:
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
Get complimentary due diligence on your acquisition's insurance & benefits program:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
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