Mills Snell (@thegeneralmills) is joined by Brock Briggs (@BrockHBriggs), first-time searcher, to talk about 2 deals: A Florist company and a FedEx P&D Routes one. We talk about: operational aspects, financial modeling considerations, the trade-off of bringing a Limited Partner in, separating real estate from a business: when should you do it and how to limit your exposure as a buyer, and much more. -----Thanks to our sponsors!MicroAcquire is the #1 startup acquisition marketplace. It is simply the most efficient way to buy and sell startups when you’re ready to make your next move.-----* Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.* Do you enjoy our content? Rate our show!* Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.-----Show Notes:1:27 Microacquire3:20 Brock’s background5:08 What are you searching for Brock? Where are you in your search process?6:48 Deal 1: A massive Florist for sale in CT10:00 What do we think about this one?12:14 What’s the potential upside from this deal? Where’s the ceiling? How does size relate to growth opportunities?15:40 How should we think about the Customer Acquisition funnel? What should we consider from an operational side? 18:01 Don’t assume growth opportunities to be low-hanging fruits20:07 How do we think about weddings as a revenue segment? What should we consider on the operational side?24:40 Thoughts on seasonality and part-time labor hiring28:28 Let’s talk about financing: How do we think about bringing a Limited Partner to your first deal? What collateral could you consider lending against? 34:27 Real estate and business. Should you keep them together or separate them? What other options are there for the buyer?42:02 Deal 2: FedEx P&D Routes46:45 What did you like about this one?49:34 Operational considerations, what should we ask the seller? What debt are we assuming in this deal? What is the impact on the listing price?54:17 Is it an owner-operator kind of business? What should we dig into from an operational perspective? What are growth opportunities?56:56 Macro perspective thoughts? Why would I take on a business that FedEx refuses to operate?1:00:25 How do first-time buyers can get comfortable with the risk of things going south?-----Links:* Scuttlebuck Podcast* http://Twitter.com/BrockHBriggs-----Past guests on Acquanon include Nick Huber, Brent Beshore, Aaron Rubin, Mike Botkin, Ari Ozick, Mitchell Baldridge, Xavier Helgelsen, Mike Loftus, Steve Divitkos, Dzmitry Miranovich, Morgan Tate and more.-----Additional episodes you might enjoy:#90 Move over Elon - Here's what we'd do if we acquired Twitter#87 Yelp is not evil! Building a business using digital CAC - Featuring Johnny Robinson from Orange Window Cleaning#86 Rocketship your business with... Twitter?! - JK Molina joins for a Twitter Masterclass