Action Academy | Replace The Job You Hate With A Life You Love He Bought A $750k Business From A TWEET (Here's What Happened Next....) w/ Chandler Reed
Apr 22, 2025
Chandler Reed, a savvy entrepreneur who bought a $750k commercial contracting business from a tweet, shares his inspiring journey. He dives into the intricacies of acquiring a struggling business and the resilience needed to navigate the challenges. Chandler discusses innovative financing solutions and the critical role of team engagement post-acquisition. He highlights the importance of strategic marketing and leveraging past job experiences to build success. Join him as he reveals valuable lessons for aspiring small business owners!
AI Snips
Chapters
Transcript
Episode notes
Bought Business Off a Tweet
- Chandler Reed bought a struggling business after responding to a tweet, despite having no prior acquisition knowledge.
- He involved a mentor as an investor and closed the deal within four months in Tampa, Florida.
Bought a Downscaled Lighting Business
- The acquired lighting business shrank from nearly $10M in revenue to $750K and was nearly a lifestyle business.
- Chandler bought an underperforming "stinker" business as a real-life MBA experience, expecting to hustle hard and learn.
Structure Deals to Limit Risk
- Structure deals with minimal personal guarantee and earn-outs to protect downside risk.
- Use seller financing earn-outs where payments depend on business success to avoid large upfront cash risks.