Dream Fulfilled: Buying a $2m, 50-Year-Old Business
Dec 20, 2022•1 hr 28 min
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
When Fraser Voll first learned about buying businesses, he couldn't stop reading about it. That passion paid dividends.
Topics in Fraser's interview:
- What working for a boutique M&A advisory taught him about buying businesses
- Anatomy of a self-funded search deal WITHOUT an SBA loan
- How to get a good multiple (3x) on a $600-800k EBITDA business
- What Fraser bought: revenue, margins, price, terms, etc.
- Getting comfortable with high customer concentration
- How to de-risk buying a business whose revenue doubled in prior 2 years
- How to structure an earnout
- Janitorial industry: how to achieve high margins, retain labor, and more
- Search in Canada
- Why small business became more attractive than software
Links & how to reach Fraser:
- Fraser's LinkedIn
- Portage M&A Advisory
- Constellation Software
- Mario Nigro, searcher connector in Canada
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:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
For the best experience, listen in Metacast app for iOS or Android