Michael Girdley (@Girdley), and Bill D’Alessandro (@BillDA)talk about an established ambulance service. We investigate how this service differs from the conventional ambulances provided by hospitals. We also dig into this business’s location to understand its significance in this location.

We will also determine whether this item passed the Private Equity Test, which customers are the most crucial to this transaction's success, and discuss how the business relationships outside the United States are distinct from those within the country.

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Show Notes:

(00:00) - Introduction

(00:20) - Our Sponsor is CloudBookKeeping

(01:48) - Catch up with Mike and Bill

(03:44) - Deals and Financials: Established Ambulance Service

(05:16) - How does this business work?

(06:58) - Where is this business located, and why is it important?

(10:30) - What do we think about the financials?

(12:55) - Why has PE passed on this deal?

(15:54) - Who are the most important clients for this deal?

(16:33) - What is Girdley’s #1 tip to learn about an industry?

(18:12) - What is Bill’s advice for people interested in this deal?

(20:28) - Why does the IRS try to ban country club memberships as business expenses?

(22:06) - How are business relationships outside the US different from inland?

(27:46) - The tricky Costa Rica listing and the “Ditch Risk”

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