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Michael Girdley (@Girdley), and Mills Snell (@thegeneralmills) are joined by Codie Sanchez (@Codie_Sanchez) to discuss 2 awesome deals: A Coin Laundromat & an accounting practice. We dig into the Laundromat business: valuing assets, operations insights, and what to look for. What makes a good or a bad CPA deal? What is the segmentation around this kind of firm?
Tune in!
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Show Notes:
(01:00) - Cloudbookkeeping.com
(02:29) - Codie Sanchez Intro
(06:00) - What does your portfolio look like today?
(12:08) - Deal 1: High Volume Coin Laundromat for Sale
(14:58) - What do we think about it? Is the RE included package relevant?
(19:22) - What is the typical lifespan of one of these machines? How do we understand its value?
(20:56) - The 3 important things to look for in a Laundromat Deal
(21:42) - How can we forecast repair costs?
(25:29) - Are we going to find distressed companies for sale?
(28:47) - Can you raise prices? Where can you outcompete other players?
(34:05) - Do we like it? How can we make it work?
(39:10) - Deal 2: An accounting firm for sale
(42:06) - What do we think about it?
(46:04) - What is the segmentation around these kinds of firms?
(48:40) - What should you ask yourself before buying this business?
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Links:
* https://contrarianthinking.co
* https://unconventionalacquisitions.com/
* https://www.youtube.com/channel/UC5fI3kxC-ewZ6ZXEYgznM7g
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Past guests on Acquanon include Nick Huber, Brent Beshore, Aaron Rubin, Mike Botkin, Ari Ozick, Mitchell Baldridge, Xavier Helgelsen, Mike Loftus, Steve Divitkos, Dzmitry Miranovich, Morgan Tate and more.
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Additional episodes you might enjoy:
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- Do you enjoy our content? Rate our show!
- Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.
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