37 min listen
How to Buy a Landscaping Business & Boost Profits Quickly
FromAcquiring Minds
ratings:
Length:
42 minutes
Released:
Jul 8, 2021
Format:
Podcast episode
Description
In just 9 months, Mike Botkin decided to acquire a business, negotiated a great deal, and dramatically improved profits.Key points from Mike's story:
B & B Landscaping was generating around $800k in annual revenues.
Acquired it for 2x of SDE.
Paid 50% cash up front, then the remaining 50% was seller financed with a 4-year loan at zero interest.
Turns out a third of customer accounts are unprofitable, costing the business money & weighing down margins terribly. Money-losing customers are let go, and prices raised for many others.
In 9 months, acquisition entrepreneur Mike Botkin has the idea to buy a small business, negotiates a great deal, learns the business, and boosts profits dramatically.
Reach Mike Botkin at:
@MikeBotkin_
LinkedIn
His acquisition, B & B Landscaping
Official episode page & full show notes at AcquiringMinds.co:How to Buy a Landscaping Biz & Boost Profits Quick
B & B Landscaping was generating around $800k in annual revenues.
Acquired it for 2x of SDE.
Paid 50% cash up front, then the remaining 50% was seller financed with a 4-year loan at zero interest.
Turns out a third of customer accounts are unprofitable, costing the business money & weighing down margins terribly. Money-losing customers are let go, and prices raised for many others.
In 9 months, acquisition entrepreneur Mike Botkin has the idea to buy a small business, negotiates a great deal, learns the business, and boosts profits dramatically.
Reach Mike Botkin at:
@MikeBotkin_
His acquisition, B & B Landscaping
Official episode page & full show notes at AcquiringMinds.co:How to Buy a Landscaping Biz & Boost Profits Quick
Released:
Jul 8, 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