Margins in Mulch: Buying a $1m Erosion Control Business
10/10/24 • 93 min
Register for the webinars:
- Which Business Should You Buy? - Thu Oct 10 - https://bit.ly/3TYdVZ8
- Due Diligence Office Hours - Wed Oct 16 - https://bit.ly/3BznZl0
As a banker Greg Bruns dealt with business owners, wanting what they had. When a friend bought a business, he saw a way.
Topics in Greg’s interview:
- Leaving his banking career to buy a business
- Big risks of doing an asset sale
- How ownership is different than expected
- Risks and benefits to buying small
- Why erosion control matters to infrastructure
- Being tied to the construction industry
- Managing cashflow in a project-based business
- How weather affects his bottom line
- Involving his employees in business decisions
- The good/bad of keeping the seller in the business
References and how to contact Greg:
Learn more about Walker Deibel's done-with-you buy-side advisory:
Get $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th:
- https://www.malaunchpad.com & enter code ACQUIRINGMINDS
Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Register for the webinars:
- Which Business Should You Buy? - Thu Oct 10 - https://bit.ly/3TYdVZ8
- Due Diligence Office Hours - Wed Oct 16 - https://bit.ly/3BznZl0
As a banker Greg Bruns dealt with business owners, wanting what they had. When a friend bought a business, he saw a way.
Topics in Greg’s interview:
- Leaving his banking career to buy a business
- Big risks of doing an asset sale
- How ownership is different than expected
- Risks and benefits to buying small
- Why erosion control matters to infrastructure
- Being tied to the construction industry
- Managing cashflow in a project-based business
- How weather affects his bottom line
- Involving his employees in business decisions
- The good/bad of keeping the seller in the business
References and how to contact Greg:
Learn more about Walker Deibel's done-with-you buy-side advisory:
Get $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th:
- https://www.malaunchpad.com & enter code ACQUIRINGMINDS
Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Previous Episode
The Model for a 3-Way, Long-Term Holdco
Register for the webinars:
- Which Business Should You Buy? - Thu Oct 10 - https://bit.ly/47TzaBc
Marc Nzojibwami and 2 partners bought a business in Calgary, with a plan to keep buying (and without investor capital).
Topics in Marc’s interview:
- Early attempts at launching companies in university
- Acquiring with 2 partners
- Their plan to build a holdco together
- Acquiring a 40 year old sign shop
- Financing their deal in Canada
- Negotiating purchase price and seller note
- One change they made immediately
- Growing EBITDA 30% the first year
- Challenges and benefits of partnerships
- Searching full-time for his next acquisition
References and how to contact Marc:
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or email [email protected] and mention Acquiring Minds
Get a complementary pre-acquisition HR & PEO review for your target business:
- Contact [email protected] or visit Aspen HR
Get complimentary due diligence on your acquisition's insurance & benefits program:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Next Episode
Business Collapse After Going All-In
Register for the webinars:
- Due Diligence Office Hours - Wed Oct 16 - https://bit.ly/4h3R74o
- Cap Tables 101: How Capital Structure Works When Buying a Business - Thu Oct 24 - https://bit.ly/3zT8sMA
Justin Willess liquidated his 401k to buy a $8.5m construction business. He lost the business and may lose his house.
Topics in Justin’s interview:
- Frustration with his consulting career
- Buying a construction company
- Construction landscape in Northern Virginia
- Discovering cooked books after transition
- Seller refused to release promised funds
- Emptying his 401k to make payroll
- Calm is contagious
- Closing the business
- What he learned from the failed acquisition
- Why he wants to acquire again
References and how to contact Justin:
Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
Get $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th:
- https://www.malaunchpad.com & enter code ACQUIRINGMINDS
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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