How to Buy a $2m Dying Business Then Sell It for 5X
Apr 09, 2021•51 min
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Episode description
Mike Yarmo bought a struggling distributor & turned it into a local powerhouse in a different niche — then sold for 5x.
Key points from Mike's acquisition:
- Owner was disengaged, retiring, and looking to sell his food distribution company
- Company was 25 years old but had terrible margins
- Mike & team acquired for low 7 figures, or ~2x earnings
- Pivoted the company, grew aggressively over next few years
- Sold 5 years later for 5x earnings, and 5x original acquisition price
Reach Mike Yarmo:
- On Twitter: @michaelyarmo
- Subscribe to his newsletter
Official episode page & full show notes at AcquiringMinds.co:
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