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.

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.

(All while keeping high growth and profit) He went from one financial practice to a multi-division company with six acquisitions and one more coming soon. Here is his story: The entrepreneur I interviewed is Jeff, a financial and investment expert. He turned his wealth management practice into a big company with many services. It all started with a vision... Jeff's firm made its first few acquisitions, including a small investment advisory, a tax planning division, and an insurance agency But Jeff knew they could do more, and that's when they decided to do more deals. Jeff's recent acquisitions include a financial advisory firm in Phoenix, AZ, and a tax practice in Spokane, WA. Next, they will buy an advisory firm in St. George, UT. Each acquisition brings new challenges, but also new chances to grow... For the Phoenix deal, Jeff used 100% external financing, with the bank covering most of the costs. The tax practice acquisition involved a different strategy, using internal resources and seller financing to pay for the transaction. I just recorded a full 48 min interview where we discuss: - The details of financial advisory vs. tax planning vs. insurance - How to manage many businesses effectively - The biggest lessons from each acquisition And what Jeff would do differently if he had to start over. Comment “jeff” below to get this interview and others like it.

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.