How to Acquire Your First Business in 3 Months
Acquiring Minds
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How I Acquired a Small Business for Low Seven Figures
The deal actually went super fast, so I spoke to the previous owner for the first time in I think right before Christmas or just after Christmas and before New Year's and on March 1st we closed the deal. And then it was kind of off to the races to just get the diligence done as fast as possible. Yeah, it was around 30%, like a 30, a 3X multiple or somewhere around that. Cool. So you said you acquired it for low seven figures as well. Can you share what profit would multiple of EBITDA that was?Yeah, It was around 30%. Okay, okay, great. But can you go into the due diligence a little bit more?
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