James Sinclair's Business Broadcast 27 Yrs Old and £45k/Month in Care - How Can He Buy More Businesses?
Nov 19, 2025
In this engaging discussion, Akshay Deer, the 27-year-old founder of Chime Care, shares insights on scaling his hyper-local in-home care business. He dives into the challenges of recruitment and labor costs, emphasizing the importance of locality for care quality. Akshay talks about financing his first acquisition and the hurdles of vendor finance in negotiations. The hosts also explore the future of care tech and the strategic approach needed for successful mergers and acquisitions, offering valuable advice for aspiring entrepreneurs in the care sector.
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From Teen Carer To Founder
- Akshay started in his parents' home care business and worked as a carer from age 16, learning the trade hands-on.
- He later raised pre-seed funding, built tech, and scaled to nine towns before making his first acquisition.
Buy With Vendor Finance Not Upfront Cash
- Use vendor finance and structured deals instead of raising expensive debt or equity when buying SMEs.
- Meet sellers in person, build rapport, and offer staged payments with seller security to unlock bank refinancing later.
Preserve Cash By Avoiding High-Rate Debt
- Avoid high-cost short-term debt; pursue vendor finance to reduce interest and preserve cash for more acquisitions.
- Use seller-backed deferred consideration to keep leverage for future deals.