Back to a W-2: When Business Ownership Isn't the Way
Acquiring Minds
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Pacific Installation's Year in Review
Pacific installation was a $3.3 million business in terms of sales and the net on that was just a shade below 600,000. So, I bought it for 1.1 million, about three X of normal revenue and about two X of that boosted revenue. And then ever since then, we kind of had a huge quarter one and then Q2, what we noticed was interest rates started to rise,. Gas prices, fuel prices went up, so our delivery costs went up, material costs went up. We had a very, very dry June through September, which is usually the months that we sell the most.
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