This entrepreneur is Reza, a civil engineer from Iran with a passion for construction. Moving to Canada, he faced many challenges but never gave up on his dream. Reza worked his way up from laborer to project manager in a construction firm. He always wanted to start his own venture, but needed the right opportunity. After watching some inspiring videos, Reza decided to dive into business acquisitions. He found his first deal through a broker, signed an NDA, and began reviewing financials. Financing was a challenge. Reza secured a mix of bank loans and even sold his house to make it happen. His determination and belief in his vision paid off. The seller was motivated to sell due to retirement plans. The company had solid financials but lacked a strong management structure, which Reza saw as an opportunity. Reza hired an accountant and lawyer on a success fee basis, ensuring he got expert advice without upfront costs. This was crucial in navigating the complex acquisition process. He structured the deal with a combination of cash, vendor take-back, and earn-outs, aligning incentives for future performance. Reza emphasizes the importance of mindset. Believing in himself and committing fully were crucial for his success. The first few months post-acquisition were smooth, thanks to the seller's support and a strong team. Reza is now focused on expanding and integrating more acquisitions. Want to hear what happens next? I just released a 45 min interview with Reza. Comment "Reza" and I'll send you the link.

Within two years, he acquired a $4M revenue construction company. Here’s his story: Meet Eric. Eric started as a dentist in Colorado but wanted a change. Pre-COVID, he eyed the construction industry, seeing its resilience and growth potential. Lockdowns pushed him further into this new path. Eric started working with acquisitions.com searching for the perfect deal. The journey wasn’t easy – banks and sellers hesitated due to his lack of experience. But Eric persisted, learning, deal flow strategies, and evaluating countless businesses. He finally closed a deal on a construction company with $4M in revenue for $1.2M, including real estate. The deal was financed with a $1M SBA loan and a $200K down payment split from an investor. Why this business? The seller was overworked and eager to sell, lowering the price from $1.5M to $1M. Eric’s offer of $900K plus real estate sealed the deal. He knew it was a great value, given the high multiples usually seen in the industry. To manage the business, Eric hired experienced professionals and promoted internal talent. This move was crucial since he lacked construction experience. His partner’s wife also stepped in to handle day-to-day operations. Eric’s plan? Grow the business by accepting more contracts and improving operational efficiency. He’s focused on scaling by setting up systems and getting the right people in place. Eric’s tips: - Don’t fear asking for financial help. Investors and banks want to make money too. - Offer confidently, even if it seems low. - Surround yourself with industry experts if you lack experience. Eric’s journey shows the power of persistence and strategic planning. His success in transitioning from dentistry to construction is inspiring. Want the full story? I just dropped the full interview with Eric in my newsletter. We touch on: - How Eric financed his acquisition - How he managed the business transition - The challenges and rewards of his journey - And more.

Here's his story: This entrepreneur is Mohan, a podiatrist and ankle doctor with a passion for business. Mohan worked in a group practice for years, but he always felt the urge to start his own venture. After considering several sectors, Mohan decided to acquire a practice in his field of expertise. He found a deal through a broker, signed an NDA, and began the meticulous process of reviewing financials and performing due diligence. Most of the financing was done through SBA, which involved a lot of paperwork but was ultimately worth it. Mohan’s credentials helped him gain the trust of the broker and the seller, making the acquisition smoother. The seller was motivated to sell due to family reasons and a desire to retire after 30+ years in practice. The practice had two employees who stayed on, ensuring a seamless transition for Mohan. Mohan hired an accountant and a valuation expert on success fee to get an accurate value of the business. He structured the deal with 10% down, split evenly between him and the seller, with SBA financing the rest. Mohan emphasizes the importance of mindset. Believing in himself and committing fully were crucial for his success. The first few months post-acquisition were smooth, thanks to the seller's support and cooperation. Want to hear what happens next? I just released a 15 min interview with Mohan. 👇 Comment "Mohan" and I'll send you the link.

You may think it’s something complex. But it’s actually quite straightforward: A construction and design company. Let’s dig into the financials. - Revenue: - Expenses: Total expenses: $4.39M Subtract the expenses from the revenue: 2020: $3.77M - $4.39M = -$620K 2021: $5.93M - $4.39M = $1.54M 2022: $8.54M - $4.39M = $4.15M THIS COMPANY IS KILLING IT. But let’s look the buyout price - Asking price: $4M - Value of saleable inventory: $310K - Value of furniture, fixtures, and equipment: $90K Total investment: $4.4M Let’s compare: Revenue in 2022: $8.54M Expenses in 2022: $4.39M Net profit in 2022: $4.15M Return on investment: 94% UNBELIEVABLE. Here’s the kicker: This business is relocatable, meaning it can be moved to a more strategic location to potentially increase revenue or adjust with the new buyer’s lifestyle. Assuming the new owner implements aggressive marketing and expands the business reach, the revenue could skyrocket. (easier said than done ofcourse) But even a 10% increase in marketing budget could lead to a significant rise in clientele and projects. This is what I love about business: With the right strategy and execution, you can transform this already solid foundation into a powerhouse. The owner is looking to retire, just imagine this business with new energy Like this deal? comment “Construction” below to learn how to get this deal info and others like it every week.

Lyle closed deals on a 5-star restaurant with a bar and a restaurant with a bowling alley. Both have the potential to reach $2M in volume. Here are the lessons from those deals: — 📈 It took Lyle 9 months and reviewing 87 businesses to find the right ones. His persistence paid off, leading to these amazing opportunities. – 💼 Lyle negotiated a $125K down payment from his acquisition target food vendors, securing rebate funding without using his own money. Smart leverage and negotiation! – 🛠️ His real key to success: relentless pursuit. Lyle was willing to ask hard questions and built strong relationships, climbing the ladder to decision-makers. – 🌟 Lyle's approach of empowering employees led to significant improvements and higher performance in his new businesses. – 📊 Due diligence is crucial. Lyle worked closely with the accountant and lawyer, ensuring every detail was covered before finalizing the deals. – 🏢 Building rapport: Lyle met with business owners multiple times, understanding their motivations and negotiating terms that benefited both parties. – 🚀 Never quit. Lyle emphasizes patience and persistence. His story is a testament to the power of dedication and the rewards good business acquisitions can bring. – If you enjoyed this, comment "Restaurant" below to get this interview and others like it