37 min listen
How to Buy a $2m Dying Business Then Sell It for 5X
FromAcquiring Minds
ratings:
Length:
51 minutes
Released:
Apr 9, 2021
Format:
Podcast episode
Description
Mike Yarmo bought a struggling distributor & turned it into a local powerhouse in a different niche — then sold for 5x.Key points from Mike's acquisition:
Owner was disengaged, retiring, and looking to sell his food distribution company
Company was 25 years old but had terrible margins
Mike & team acquired for low 7 figures, or ~2x earnings
Pivoted the company, grew aggressively over next few years
Sold 5 years later for 5x earnings, and 5x original acquisition price
Reach Mike Yarmo:
On Twitter: @michaelyarmo
Subscribe to his newsletter
Official episode page & full show notes at AcquiringMinds.co:How to Buy a $2m Dying Business Then Sell It for 5X
Owner was disengaged, retiring, and looking to sell his food distribution company
Company was 25 years old but had terrible margins
Mike & team acquired for low 7 figures, or ~2x earnings
Pivoted the company, grew aggressively over next few years
Sold 5 years later for 5x earnings, and 5x original acquisition price
Reach Mike Yarmo:
On Twitter: @michaelyarmo
Subscribe to his newsletter
Official episode page & full show notes at AcquiringMinds.co:How to Buy a $2m Dying Business Then Sell It for 5X
Released:
Apr 9, 2021
Format:
Podcast episode
Titles in the series (100)
Pivoting to Swag in 7 Acquisitions Over 8 Years: Two brothers took over a 110-year-old business in a stagnating industry. 7 acquisitions later, the future is bright. by Acquiring Minds