Acquiring Minds Building Trust as New Owner of a $3m Business
39 snips
Oct 20, 2025 Ruchik Gandhi, a former CPA turned business owner, shares his journey from financial due diligence to owning a $3M workroom specializing in upholstery and fabrication. He discusses the importance of building employee trust and learning to manage a blue-collar workforce. Ruchik reflects on navigating initial skepticism from staff and the importance of hands-on leadership. His growth strategy includes expanding through acquisitions and enhancing service offerings in a fragmented market. Tune in to hear his insights on balancing operations with growth while fostering strong team relationships.
AI Snips
Chapters
Transcript
Episode notes
Multiple Arbitrage Explains PE's High Prices
- Private equity pays higher multiples because they plan to repackage and exit at a much larger multiple.
- Multiple arbitrage lets them justify paying 6–7x today to capture a 10–15x exit later.
Quit And Search Full-Time When Market Demands Speed
- Commit full-time to search if you need timely responses and travel to close deals in a hot market.
- Plan a 6–12 month personal runway before quitting to make a full-time search feasible.
Bought A Pre-Diligenced LOI From Another Searcher
- Ruchik found his deal on SearchFunder where another searcher had an LOI but couldn't close and wanted to transfer it.
- He bought that pre-diligenced opportunity and paid a 1% success finder's fee to the other searchers.