Acquiring Minds 14 Months from Searcher to $5.5m EBITDA
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Jan 16, 2024 Luis Aguilar shares his journey of acquiring and growing a commercial laundry business, discussing geographical search in Florida, working with Search Investment Group to raise capital, negotiating a dead deal back to life, acquiring a linen rental business, and increasing profit in both businesses.
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First Acquisition Discovery Story
- Luis Aguilar found his first acquisition, a $1.5 million EBITDA commercial laundry business in Florida, on BizBuySell.
- He built a strong rapport with the seller and negotiated thoughtfully despite starting with no capital in hand.
Fundraising Requires Persistence
- Persistence and refining your pitch are key when raising capital from investors.
- Early commitments help fuel momentum, so keep engaging even after initial rejections.
Choosing Capital Partners Wisely
- Choosing partners with deep pockets and risk tolerance is critical for scaling and follow-on acquisitions.
- Multiple small investors complicate future funding and cash flow by requiring repayments and interest.