Taking a Blue Collar Biz from $900k to $2.4m in Earnings
Update: 2024-02-12
Description
Register here for the webinar, How to Raise Equity to Buy a Business
Adam Borcz bought & unlocked growth in a niche-y, 35-year-old blue collar business, almost tripling earnings in 4 years.
Topics in Adam’s interview:
- Adam’s experience working for a fundless sponsor
- Pros & cons of having the federal government as a customer
- Doubling his work force in a “tough labor market”
- Why overhead doesn't need to scale with labor force
- Doing nothing for the first six months as owner
- Why he invests in traditional search funds
- Personal risk and work involved in self-funded search
- Being on the right side of the SBA loan
- Tying profit sharing to gross profit
- Adam's decision to hold the business indefinitely
References and how to contact Adam:
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact mark@aspenhr.com or visit Aspen HR
Learn more about Walker Deibel's done-with-you buy-side advisory:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
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