Holdco Origin Story: The Bumpy Road to $3m EBITDA
May 09, 2024•1 hr 42 min
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Episode description
4 acquisitions, 3 years after the first deal, and 2 dishonest sellers before Chandra Rao went full-time in his holdco.
Topics in Chandra’s interview:
- Learning from due diligence mistakes
- Losing $300k in the first year
- Challenges with payment terms and working capital
- True value of a seller note
- One of his partners embezzled from the companyFppp
- Choosing a conventional loan over SBA
- The electrical contracting and fiber optic cabling businesses
- 6x growth in 4 years
- Juggling a roll-up and a W-2
- A seller who committed fraud
References and how to contact Guest:
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
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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