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High Margin & Big Upside in Lice Treatment
Published 1 year, 10 months ago
Description
Derek Croft bought a $1m SDE business with a national footprint in an unusual niche. Just don't call him The Lice King.
Topics in Derek’s interview:
- Leaving Bain to search for a business
- Acquiring LiceDoctors
- Why it’s good for a profitable business to be imperfect
- Personal satisfaction from helping customers
- Payroll emergency on day 2
- Competition in the lice removal industry
- High staff turnover despite good pay
- Speeding up their response time
- Raising public awareness of their service
- His goal to double in 5 years
References and how to contact Derek:
Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:
Get a complimentary IT audit of your target business:
- Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher
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