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Buying a $1.6m Business for the Inventory Value
Undeterred by self doubt, Danyelle Nys bought a $400k SDE business at a fantastic price. She's grown it 25% in year one.
Topics in Danyelle’s interview:
- Working in her family’s asphalt business
- Learning about ETA from a masterclass
- Hiring a coach for the search process
- Buying a business for the price of inventory + working capital
- The seller was running it remotely
- Raising prices and salaries after acquisition
- Dealing with an obstinate commercial landlord
- Moving 14,000 sq ft of inventory to a new warehouse
- Hiring her mom as the bookkeeper
- “F*** your mood. Follow the plan.”
References and how to contact Danyelle:
- Decorus Home Staging
- Kyle Boyden & Jake Furfaro on Acquiring Minds: Stacking Small Acquisitions to $5m in Revenue
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:
Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
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
Published on 4 days, 13 hours ago