Inspired Or Acquired

Cheryl Ham has built Hypnotic Yarn into a +$1M revenue business with 28% net profit margin and 80% of revenue on a subscription basis. She was an amazing story of trying to 'create a little side hustle' that has become a great business with a great mission to help customers unleash their creativity. We discuss what her business might be worth today and future plans for the company. Hypnotic Yarn Website: https://hypnoticyarn.com/Clint Fiore & Bison Business: https://bisonbusiness.com/Patrick Dichter & Appletree: https://appletreebusiness.com/

Devin Wanzor has bought and sold more than 10 businesses. He joins the podcast to share his journey from being an SBA lender to being part of a sign manufacturing roll up to buying a high end liquor store and recently buying a business close to his passion for flying planes. We also discuss how he's improved profitability as an operator and his unique perspective helping others with financial due diligence.Devin Wanzor on X: https://twitter.com/DevinWanzorDevin Wanzor on LinkedIn: https://www.linkedin.com/in/devin-wanzor-5459a31/Clint Fiore & Bison Business: https://bisonbusiness.com/Patrick Dichter & Appletree: https://appletreebusiness.com/

Chris Edwards, a successful entrepreneur who recently sold his thriving flooring business in Steamboat, Colorado, shares his journey of rapid growth, achieving a 50% revenue increase and doubling EBITDA in just 3.5 years. He discusses the challenges of financing an acquisition, navigating operational improvements, and key growth strategies. Chris reflects on the emotional transition post-sale and the resilience required in business ownership. His insights on effective processes and team management offer valuable lessons for aspiring entrepreneurs.

'POV Husband' is a genuine, funny follow on TikTok and Instagram. Prior to becoming a content creator he worked in banking and bought a business to escape his 9-5. He ended up buying a fast casual restaurant in 2020. Then they quickly bought a 2nd and 3rd location with real estate. In 2022 they decided to sell 2 of the locations. We discuss how much they made on the sale, why restaurants sell for lower multiples, and what businesses he's debating next. POV Husband on TikTok: https://www.tiktok.com/@pov_husbandPOV on Instagram: https://www.instagram.com/pov_husband/?hl=enPOV Husband YouTube video on restaurant profitability: https://www.youtube.com/watch?v=nd4wrWpwHdI&t=28sClint Fiore, Bison Business: https://bisonbusiness.com/Patrick Dichter, Appletree: https://appletreebusiness.com/

Matt Cafrelli, a former CPA, made a daring leap into acquisition entrepreneurship, partnering to create a HoldCo focused on home service businesses. He shares the thrill and challenges of acquiring a window cleaning company and a landscaping business in quick succession. The conversation dives into the booming luxury landscaping market in Texas, strategic growth tactics, and the complexities of maintaining a 50-50 business partnership. With insights on community relationships and navigating mergers, Matt provides a fascinating look at the shift from accounting to entrepreneurship.

Jesus started Longhill Contracting 7 years ago doing drywall and paint contracting for home builders and multifamily developers. They've grown organically very quickly due to Jesus' servant leadership, his great team doing great work, and housing growth in Colorado. In 2024 they're on pace for $23M revenue and $2.7M EBITDA. We discuss what his company is worth today and where he wants to take it in the next +5 years. Longhill Contracting: longhillcontracting.comJesus on LinkedIn: https://www.linkedin.com/in/jesus-montelongo-18960163/Clint Fiore and Bison Business: https://bisonbusiness.com/Patrick Dichter and Appletree: https://appletreebusiness.com/

Mike Pedro and Danielle Pedro started MD Esthetics med spa in 2018. They've grown quickly to 13 locations and $2.5M EBITDA through acquisitions and brand new locations. They recently signed a Letter of Intent to join forces with a private equity group  - so we dive into how the deal happened, picking their PE partner, and their growth plans. This is a fascinating interview to hear from someone in the middle of an acquisition.MD Esthetics: https://www.mdestheticsus.com/Clint Fiore, Bison Business: https://bisonbusiness.com/Patrick Dichter, Appletree: https://appletreebusiness.com/

Johannes Hock, a former private equity professional, made a rapid switch to the turf industry by acquiring DFW Turf. He shares insights on scaling the business from $5M to $20M and aims for $50M in revenue. Hock discusses the thrill of operating versus investing, and the strategic acquisitions that fueled growth. He explores the shift from natural grass to turf in Texas, facing market fragmentation, and the importance of local operations and customer retention. Discover how he navigates business challenges and future opportunities in this booming sector.

Mike Botkin is an incredible story of what's possible in the small to mid sized acquisitions space. He left a great job to buy a very small $780k revenue residential landscaping acquisition. Then he completed 6 more acquisitions and focused on commercial maintenance landscaping. They ended up becoming one of the top 100 biggest landscaping companies nationwide and exited - all within 2 years time. We dive into how stressful it was, how he made it happen, and his decision to sell. We also learn what he's up to now in his next venture.Mike Botkin on X: https://twitter.com/MikeBotkin_Canvas Outdoors: https://canvasoutdoors.com/Clint Fiore on X: https://twitter.com/ClintFiorePatrick Dichter on X: https://twitter.com/patrickdichter

Ryan Bakke has built Tax Strategy 365 very quickly and his profit margins are 20-30% better than most similar tax firms. This also makes it difficult to place a value on and tough to tempt him to want to sell. We dive deep into the marketing tactics and funnel he uses to grow quickly and where his firm is headed before he tries to sell. Ryan Bakke on X: https://twitter.com/LearnLikeaCPATax Strategy 365 website: https://taxstrategy365.com/Patrick Dichter on X: https://twitter.com/patrickdichterClint Fiore on X: https://twitter.com/ClintFiore