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Former guest Chris Edwards has sold the $1.7m flooring business he bought with $200k of his own money and an SBA loan.
Topics in Chris’s interview:
- Why he chose to sell his flooring business
- Deciding not to rebrand
- Owning and operating in a small, isolated town
- A countertop acquisition that went south
- How a holdco is different from running one business
- Fetal positions and sleepless nights
- Improving their customer service
- Why he might build his next business from scratch
- Losing clients to a former employee
- Growing EBITDA from $500k to $1.1M
References and how to contact Chris:
Download the New CEO’s Guide to Human Resources from Aspen HR:
Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
Get a complimentary IT audit of your target business:
Connect with Acquiring Minds:
Credits:
- Produced by Pam Cameron
- Edited by Anton Rohozov
