Mark Basile, a CPA with a background in mergers and acquisitions, shares his experience of buying a landscape business. He discusses his background, the process of finding and acquiring the business, and the challenges he faced during the transition. Mark emphasizes the importance of due diligence and having a clear exit plan when buying a business.
Key Takeaways:
- Mark's background in mergers and acquisitions gave him the necessary skills and experience to buy a business.
- He looked for a business with good bones and room for growth, focusing on commercial landscaping.
- Mark emphasizes the importance of financials that tie out to tax returns and having a clear exit plan when buying a business.
Quotes:
- "I wanted to buy an annuity, a non-sexy B2B business that was scalable." - Mark Basile
- "Your exit plan should be known when you buy the business." - Mark Basile
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DISCLAIMER: The views and opinions expressed in this program are my own and/or those of my guests. They do not necessarily reflect the views or positions of my employer.
