Dream Fulfilled: Buying a $2m, 50-Year-Old Business
Podcast: Acquiring MindsPublished On: Tue Dec 20 2022
Description: When Fraser Voll first learned about buying businesses, he couldn't stop reading about it. That passion paid dividends. Topics in Fraser's interview:What working for a boutique M&A advisory taught him about buying businessesAnatomy of a self-funded search deal WITHOUT an SBA loanHow to get a good multiple (3x) on a $600-800k EBITDA businessWhat Fraser bought: revenue, margins, price, terms, etc.Getting comfortable with high customer concentrationHow to de-risk buying a business whose revenue doubled in prior 2 yearsHow to structure an earnoutJanitorial industry: how to achieve high margins, retain labor, and moreSearch in CanadaWhy small business became more attractive than softwareLinks & how to reach Fraser:Fraser's LinkedInPortage M&A AdvisoryConstellation SoftwareMario Nigro, searcher connector in CanadaGet complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter
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