How to Acquire Your First Business in 3 Months
May 27, 2021•55 min
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Episode description
How first-time acquirer Philippe Vanderhoydonck found a 30-year-old trade media business & bought it in under 3 months.
Reach Philippe Vanderhoydonck at:
- His acquisition, PETS International
Key points from Philippe's acquisition:
- PETS International is a 30-year-old trade publication that publishes 6 magazines and hosts 2 conferences per year
- Generates 20-35% margins on low-seven-figure revenues
- Opportunity is to expand online presence and product offering
- Acquired for low seven figures, a 3x multiple of annual earnings
- Acquisition went very quickly, only about 10 weeks
Official episode page & full show notes at AcquiringMinds.co:
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