Acquisitions Anonymous - #1 for business buying, selling and operating Why We Love (and Hate) This $250K Porta-Potty Deal
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Dec 17, 2024 Could you handle the humor and challenges of a porta-potty business? Dive into the quirks of a $250K deal in San Antonio, where the hosts analyze operational hurdles and the potential for profit. Discover the recurring revenue model of portable toilet rentals, along with the unique challenges of customer retention and labor shortages. Enjoy amusing anecdotes and insights into this niche market, all while weighing whether this 'crappy' business is worth the investment! Get ready for a fun exploration of the unexpected world of waste management.
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New Year's Eve Closing Nightmare
- Bill shares a stressful story about a business deal closing on New Year's Eve.
- Bank counsel delayed the process, causing last-minute chaos and family stress.
SBA Closing Counsel Secret
- Heather reveals that SBA closing counsel often delays deal reviews until the last minute.
- They sometimes create fake problems to buy time due to heavy workloads, especially at year-end.
Year-End Closing Advice
- Don't expect to close a deal by year-end if the LOI is signed after September.
- Plan for 90-120 days for closing, as various factors can affect the timeline.