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Scaling a Tiny Acquisition to a PE-Backed Exit
Published 1 year, 2 months ago
Description
Phil Miller turned a tiny pet shop doing $100k in sales into a regional pet boarding brand — and the ideal PE platform.
Topics in Phil’s interview:
- Pivoting from real estate to the pet industry
- Slow renovation creating a financial mess
- Delegation is the key to growth
- The real cost of a cheap turnaround
- Building a pet resort brand
- Accelerating growth with Store Capital
- Why franchising is a poor option in his industry
- Dealing with tire-kicking searchers
- Partnering with private equity
- Emotional rollercoaster of combining cultures
References and how to contact Phil:
- Pawville
- Buy Back Your Time by Dan Martell
- Taylor Wallace - first appearance on Acquiring Minds: Buying Doggy Daycares After 10 Years in Tech
- Taylor Wallace - second appearance on Acquiring Minds:Why Sell to Private Equity: Former Guest Has an Exit
- Store Capital
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or hello@systemsix.com and mention Acquiring Minds
Download the New CEO’s Guide to Human Resources from Aspen HR:
- From this page or contact mark@aspenhr.com
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
Edited by Anton Rohozov
Produced by Pam Cameron