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Acquiring Minds

How to Buy a Landscaping Business & Boost Profits Quickly

Jul 8, 2021 · 42 min · 40.4 MB
0:00-42:00

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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:

Official episode page & full show notes at AcquiringMinds.co: