Timing is Everything: Buying a $30m Tutoring Business

Both buyer Jared Lenner and seller Dave Serwitz share their perspectives on the acquisition of a 20-year-old business.

Register for the webinars: 

• Investor-Backed Search and SBA: Buy Bigger, Keep Control - TOMORROW! - https://bit.ly/4qABMgn
• Overcoming Risks from a Lender’s Perspective - Thu Nov 6th - https://bit.ly/4qDoJdV

Topics in Jared & Dave’s interview:

• Jared buying Dave’s tutoring business
• Dave’s motivation to sell
• Choosing to work with Search Fund Accelerator
• Their agreement to “assume positive intent”
• Why Dave didn’t sell to private equity
• How the in-person business survived Covid
• Bookkeeper quit right after transition
• “Other people’s money is scarier than a PG”
• Competing with AI in the future
• How it feels to sell your company

References and how to contact Jared & Dave:

• Dave Serwitz LinkedIn
• Jared Lenner LinkedIn
• Grade Potential Tutoring
• Marc Anderegg on Acquiring Minds: So Much Fun: The Buyer of Choice in a Fragmented Industry

Get a free review of your books & financial ops from System Six (a $500 value):

• Book a call with Tim or hello@systemsix.com and mention Acquiring Minds

Download the New CEO’s Guide to Human Resources from Aspen HR:

• From this page or contact mark@aspenhr.com

Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

• Pioneer Capital Advisory

Connect with Acquiring Minds:
See past + future interviews on the YouTube channel

• Connect with host Will Smith on LinkedIn
• Follow Will on Twitter

Edited by Anton Rohozov
Produced by Pam Cameron