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Acquiring Minds
Buy, Grow, Exit for a 24x Return in 3.5 Years
Feb 10, 2025
Chris Edwards, former owner of Affordable Flooring, shares his remarkable journey of buying, growing, and exiting a business. He discusses the emotional and financial challenges he faced, including sleepless nights and fears after losing clients to a former employee. Highlighting significant revenue growth, he reveals how he transformed EBITDA from $500k to $1.1M and achieved a striking return on investment of $4 million. Chris also reflects on the unique dynamics of operating in a small, isolated town and his decision to sell for new opportunities.
01:10:28
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Quick takeaways
- Chris Edwards successfully scaled Affordable Flooring, doubling EBITDA and increasing revenue by 50% in three and a half years.
- The decision to sell his thriving business was driven by a desire for new challenges and greater growth potential.
Deep dives
Chris Edwards' Journey as a Business Owner
Chris Edwards transitioned from being a corporate consultant to a small business owner by acquiring Affordable Flooring in Steamboat Springs, Colorado. He faced the challenges of business ownership during a period of economic uncertainty and was able to grow the business significantly over three and a half years. By doubling EBITDA and increasing revenue by 50%, Chris turned the flooring business into a profitable venture before deciding to sell. His journey illustrates both the risks and rewards that come with acquiring and running a small business.
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