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Jon talks to Don Wilson, how he went from US Navy to a Blue Collar Serial Acquisition Millionaire
Notes
00:00 Intro his Navy Experience
05:38 How he found his first acquisition - Candy Man
08:08 Multiple on retail Candy Store - loosing money?
10:00 Buying the 2nd candy store
10:31 Opened a restaurant - Salad Days - made $0 money
11:53 Making more money with Candy
15:45 Buying Billy Sims BBQ franchises - growing to 5 locations $3M in rev
24:33 Trying to get rid of the candy stores
30:10 Restaurant Consolidation - closing down the losers
33:09 Wife Diagnosed with Cancer
33:33 the NEXT acquisition - a gas station convenience store doing $1.2 Million
37:41 Buying a Remodeling company making $400k a year off $1m in revenue
38:38 Seller only wanted $400k for Top 10 Reasons Sell
41:16 100% acquisition financing from SBA - because...
47:47 Selling. Retiring a Millionaire.
53:09 Word to the wise: don't change nothing
