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A Few Hours Per Week, a Few States Away

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Manage episode 504309641 series 2931927
Content provided by Will Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Will Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Register for the webinar:

Brett Maxam bought a concrete business with high 6 figures of earnings. Despite being a plane ride away, it's gone well.

Topics in Brett’s interview:

  • His desire to “run the show” after watching acquisitions up close
  • Involving his wife as a sounding board
  • Buying a business a plane ride away
  • Proactively negotiating for a seller note
  • “Shut up and let them do a little more talking”
  • Using ROBS to fund a 30% down payment
  • Getting a 70% seller note with a sub 3x multiple
  • 13-week cashflow forecast is critical
  • Delegating management to the local team
  • Deciding whether to grow the business or acquire again

References and how to contact Brett:

Get a free review of your books & financial ops from System Six (a $500 value):

Learn more about Walker Deibel's done-with-you buy-side advisory:

Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

Connect with Acquiring Minds:

Edited by Anton Rohozov
Produced by Pam Cameron

  continue reading

394 episodes

Artwork

A Few Hours Per Week, a Few States Away

Acquiring Minds

35 subscribers

published

iconShare
 
Manage episode 504309641 series 2931927
Content provided by Will Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Will Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Register for the webinar:

Brett Maxam bought a concrete business with high 6 figures of earnings. Despite being a plane ride away, it's gone well.

Topics in Brett’s interview:

  • His desire to “run the show” after watching acquisitions up close
  • Involving his wife as a sounding board
  • Buying a business a plane ride away
  • Proactively negotiating for a seller note
  • “Shut up and let them do a little more talking”
  • Using ROBS to fund a 30% down payment
  • Getting a 70% seller note with a sub 3x multiple
  • 13-week cashflow forecast is critical
  • Delegating management to the local team
  • Deciding whether to grow the business or acquire again

References and how to contact Brett:

Get a free review of your books & financial ops from System Six (a $500 value):

Learn more about Walker Deibel's done-with-you buy-side advisory:

Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

Connect with Acquiring Minds:

Edited by Anton Rohozov
Produced by Pam Cameron

  continue reading

394 episodes

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