Inspired Or Acquired Chis Edwards - Buying, Growing, and Selling A Flooring Business
Nov 6, 2024
Chris Edwards, a successful entrepreneur who recently sold his thriving flooring business in Steamboat, Colorado, shares his journey of rapid growth, achieving a 50% revenue increase and doubling EBITDA in just 3.5 years. He discusses the challenges of financing an acquisition, navigating operational improvements, and key growth strategies. Chris reflects on the emotional transition post-sale and the resilience required in business ownership. His insights on effective processes and team management offer valuable lessons for aspiring entrepreneurs.
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Acquisition Journey
- During the pandemic, Chris Edwards quit his job to pursue acquisition entrepreneurship.
- He quickly got an LOI for Affordable Flooring Warehouse and closed the deal in February 2021.
Operational Transformation
- Transitioning to operating the flooring business was intense, requiring Chris to learn a new industry and management style.
- He implemented new processes, technologies, and addressed cultural issues, leading to significant EBITDA growth.
Life Changes
- Chris and his fiancé moved to Steamboat Springs for the business.
- They married, had their first child, and then another within a few years.