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A Few Hours Per Week, a Few States Away
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Brett Maxam bought a concrete business with high 6 figures of earnings. Despite being a plane ride away, it's gone well.
Topics in Brett’s interview:
- His desire to “run the show” after watching acquisitions up close
- Involving his wife as a sounding board
- Buying a business a plane ride away
- Proactively negotiating for a seller note
- “Shut up and let them do a little more talking”
- Using ROBS to fund a 30% down payment
- Getting a 70% seller note with a sub 3x multiple
- 13-week cashflow forecast is critical
- Delegating management to the local team
- Deciding whether to grow the business or acquire again
References and how to contact Brett:
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- Book a call with Tim or hello@systemsix.com and mention Acquiring Minds
Learn more about Walker Deibel's done-with-you buy-side advisory:
Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
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- 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
Published on 2 days, 18 hours ago