Acquiring Minds How One Small Acquisition Led to 9 More in 5 Years
16 snips
Jul 6, 2021 
Nick Haschka, a former Silicon Valley professional turned entrepreneur, shares his journey from acquiring an office plant service to building a portfolio of nine businesses. He discusses the pivotal role of SBA loans and seller financing in funding his acquisitions. Nick highlights the operational efficiency of field service businesses and shares insights into their financial resilience. He explains his strategic approach to navigating the acquisition landscape and emphasizes the importance of aligning personal skills with business goals for success.
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Nick's First Acquisition Journey
- Nick Haschka left a Silicon Valley career to buy an office plant service in 2017.
- This first acquisition set him on the path to buying nine more similar businesses within five years.
Advantages of Indoor Plant Services
- Indoor plant services are a simple, schedulable field service with little emergency or after-hours work.
- This business suits owners seeking predictable hours and a manageable lifestyle.
Typical Financials of Plant Companies
- The Wright Gardener had $1-2M revenue and 20% margins, typical for plant companies.
- Many operators settle for modest profits and cap their business size due to personal labor reliance.