How to Buy a $5m Business & Hire an Operator to Run It
May 01, 2023•1 hr 33 min
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Episode description
It CAN be done: Matthew Saskin recently acquired a big towing business, hiring an operator to run it from day 1.
Topics in Matthew Saskin’s interview:
- Why he chose a towing company
- Putting in an operator from day one
- Improvements he made right away
- Why he kept his day job (and how he manages it)
- His COO’s compensation package
- What is phantom equity (and how it’s different from true equity)
- How real estate investment is different from SMB ownership
- The landscape of the towing industry
- Revenue streams for towing companies
- How they recruit drivers
Links and how to contact Matthew:
- Matt's business plan. We decided not to link to it directly. Email Matt to request a copy, and he'll share it with you directly 👇👇
- msaskin@eastcoasttowing.com
- East Coast Towing
Learn more about Walker Deibel's done-with-you buy-side advisory:
Connect with A-players who can run your business remotely:
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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