I chatted with Patrick Dichter, owner of Appletree. He walked me through how he purchased his first business, an accounting firm, for $1.3 million, and how he acquired 2 more tuck-in business acquisitions. We go over the wins, like how he's grown topline by 3.5x, and the losses, like how he lost 40% of revenue in one day on one of those tuck-in acquisitions.
Patrick also helps business buyers evaluate the quality of earnings in businesses they're looking at, so he gave us some helpful advice on evaluating SMBs for sale.
Watch this one if you're interested in buying a business, especially an accounting or professional services firm.
Connect with Patrick:
Website: https://appletreebusiness.com/
X: https://x.com/patrickdichter
Connect with Sieva:
X: https://x.com/sievakozinsky
Website: https://sievakozinksy.com
-
Want to hire top global talent? Get started with Somewhere (I'm a customer & investor) - https://hirewith.somewhere.com/sieva
