Acquiring Minds Moving to a Small Town to Buy an SMB
Jan 4, 2024
John Mahony, an entrepreneur who bought an HVAC business in rural Appalachia, discusses his vision to build a holding company, transferring skills from the Marines, hiring veterans, and preserving traditions. He shares insights about revenue growth, cyclicality of HVAC, and attracting employees beyond compensation.
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Small-Town Move
- John Mahoney, originally from Boston, bought an HVAC business in rural Greenville, Tennessee.
- He lives next door to the business, renting from the previous owners, and has been embraced by the community.
Community Impact
- Small businesses, especially those owned by retiring founders, are crucial for community success.
- They provide jobs, contribute to the local economy, and create a sense of belonging.
Location Agnostic
- Be open to relocating anywhere for the right business opportunity.
- Prioritize the professional aspects and embrace the new community.