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$700k EBITDA with No SBA, No Money Down
Published 2 years, 6 months ago
Description
How Andrew Stordeur bought a 25-year-old furniture manufacturer in Alberta without having to use any of his own capital.
Topics in Andrew’s interview:
- Taking a startup to an IPO
- Competition in the wood furniture space
- Financing without the SBA
- Advice for Canadian searchers
- Getting a 35% seller note
- His 100% financed deal
- His plan to increase direct-to-consumer sales
- Being the sole breadwinner for a family of 6
- Deciding not to buy with a partner
- How his company ships faster than Amazon
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