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The Acquisitions.com Community

2.3k members • Free

3 contributions to The Acquisitions.com Community
🎉 Welcome (Start Here)
Here's what to do next: (click on the blue links based on the training you're looking to get) CLASSROOMS: - Buy a business - learn how to buy multi million dollar businesses using OPM - Then: Book your FREE 1-1 Acquisitions onboarding/implementation call here → The call will be most likely with my operating partner @Ed Ambrosi (Ed will also do some training in the community in the future) to help you achieve your Acquisitions goals faster and get a step-by-step roadmap to get started with buying or advising on acquisitions asap. - Start an acquisitions advisory business: Learn how to earn retainers & 5-10% commission checks introducing million dollar businesses to buyers... . - Rollups (Or learn how you can add $97.3M of value to your business) GROUP RULES: - No promotions allowed. - We remove low-effort community posts. Use Loom videos, images, and ChatGPT for proofreading. - Help keep the community clean. Report low-quality posts to the admins and moderators Let's get to work!
2 likes • Aug '24
Hello, I’m Candace. Excited to network, learn to fund business acquisitions and earn a great deal!
I Found an amazing business for sale that’s reshaping the recruitment industry in Canada!
The market: Recruitment It’s a top executive recruiting agency Here’s the scoop: Recruitment is a booming sector with vast potential. This agency is already a favorite across Canada, showing impressive financial returns. But the interesting part? There’s room for significant growth and disruption… Think about it: The clients are consistent. Companies always need top talent. They turn to trusted agencies that deliver. But something even more crucial: The clients are recurring. Not because they WANT to, but because they NEED to. Hiring is a constant requirement. Once a relationship is built, it’s long-term. So, why hasn’t a major player taken over? Because the industry is fragmented and needs tech innovation. It requires someone with experience and capital... This agency – a prime opportunity in recruitment services. The plan is to expand and scale. They are an established business with a strong reputation: • $2.3M revenue in 2021 • 70k professional network • Owner-operated – from a dedicated team ready to transition Now let me tell you why that last bullet is so fascinating… Maybe you’ve heard of the growing demand for executive recruitment. The logic goes: • Industries like construction and engineering are booming • The demand for skilled professionals is rising • SO, there’s a massive market opportunity. This is why many are eyeing opportunities in this space. To leverage the growth and innovate in recruitment services. But there’s one tiny detail… Many recruitment agencies aren’t tech-savvy. Part of the appeal of this agency is you can modernize operations and improve service quality. But most providers look more like this: • They rely on outdated processes • High staff turnover and inefficiencies • Lack of integration and data insights It’s hard to step into such a market without the right technology... I’ve seen the backend of these services, and they can be challenging. We’re talking: Manual processes Inconsistent service quality No digital communication
1 like • Aug '24
Recruitment
Just finished a chat with Eric, a dentist turned construction business owner.
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.
0 likes • Aug '24
Eric
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Candace Sparks
1
2points to level up
@candace-sparks-6177
Accountant and future entrepreneur!

Active 489d ago
Joined Jul 12, 2024