Acquiring Minds How to Buy a Seasonal Biz: Buy Another for Low Season
Oct 18, 2022
01:05:29
Andrew Harbin first bought an awning business, then bought a fencing franchise to keep his crew working through summer.
Topics in Andrew's interview:
- Should you buy a seasonal business?
- Buying a second business to offset seasonality of first business
- Twitter thread that opened his eyes to building wealth by buying a business
- Buying a business that is for sale by owner
- Revenue + SDE of the awning business he acquired
- Growth he's achieved in first years of ownership
- How the awning business works (revenue sources, staffing, org chart)
- Buying a $300-400k SDE business
- Why hiring temps for seasonal businesses is unappealing
- Fencing business: buying vs. starting from scratch vs. starting a franchise
- Pros/cons of franchises
- Big Jerry's fencing franchise
- Tips for entrepreneurs considering buying a fencing business
- Nature of stress in SMB vs. corporate
- Loneliness of being a small business owner
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