Business Buying Strategies from The Dealmaker's Academy cover image

From unemployed to £7m business owner

Business Buying Strategies from The Dealmaker's Academy

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The Importance of Due Diligence

I'm bringing together several of the strands from the last couple of days. Okay, so we've got 7 million turnover, 700,000 profit. The agreed price was 1.7 million. 1 million on completion. That million was a combination of invoice financing and cash at bank. And then the balance was deferred over a five-year period to be paid at a profit. So I got 60 grand to myself and I got 120 grand carry out of the deal. Then we refinanced all the assets and we had at least 971,000 pounds out of the trucks. Some of that money we've reinvested back in. We're now up to 38 trucks and cooing three brand

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