Finding a Great Business in Cow Country
May 23, 2024•1 hr 28 min
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Episode description
Cody Agee thought food testing would be a good recession-resistant business to buy. 2 weeks later, one listed for sale.
Topics in Cody interview:
- Bypassing business school
- Cashing out his 401(k) without using ROBS
- Buying a food safety and testing lab
- The moat of licensing requirements
- His advantage over much larger competitors
- Adjusting purchase price based on quality of earnings report
- Finding investors on Twitter
- Personally guaranteeing the seller note
- How he uses EBITDAR vs. EBITDA
- Putting in an enterprise resource planning (ERP) system
References and how to contact Cody:
Smithlist is a new job board for leadership roles at small businesses. If you're not ready to buy a business but want to lead one:
Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
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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