
How to Buy a $2m Dying Business Then Sell It for 5X
Acquiring Minds
00:00
Do You Support Due Diligence?
We did not want to not have that headshake from these, from these customers before we actually signed a sale agreement. So much of the revenue was dependent on 20 % of the customer base. We could have just set up a warehouse and bought trucks on our own without having to acquire this business. But now it had taken so long to get to that point that we thought the acquisition root was just smarter. And he actually did like kind of a really warm hand off to me. I wish i was not comfortable to to put any money down on this business without meeting that customers.
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