Buying a $4m Business (with 80% Recurring Revenue)
Feb 01, 2024•1 hr 28 min
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Episode description
Register here for the webinar, The Anatomy of an LOI:
It was only after Michael Young started an accounting practice that he found the much larger practice he would then buy.
- How his father’s failed business influenced him
- Being rejected by a search accelerator
- Starting an accounting firm while searching
- 18 months of dead deals before acquisition
- Role of luck in business success
- Role of his wife
- How accounting practices are valued and priced
- Red flags to look for during diligence
- Role of PASBA in shaping accounting practices
- His advice for searchers looking at accounting practices
References and how to contact Michael:
Learn more about Walker Deibel's done-with-you buy-side advisory:
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
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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