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Timing is Everything: Buying a $30m Tutoring Business
Published 10 months, 3 weeks ago
Description
Both buyer Jared Lenner and seller Dave Serwitz share their perspectives on the acquisition of a 20-year-old business.
Register for the webinars:
- Investor-Backed Search and SBA: Buy Bigger, Keep Control - TOMORROW! - https://bit.ly/4qABMgn
- Overcoming Risks from a Lender’s Perspective - Thu Nov 6th - https://bit.ly/4qDoJdV
Topics in Jared & Dave’s interview:
- Jared buying Dave’s tutoring business
- Dave’s motivation to sell
- Choosing to work with Search Fund Accelerator
- Their agreement to “assume positive intent”
- Why Dave didn’t sell to private equity
- How the in-person business survived Covid
- Bookkeeper quit right after transition
- “Other people’s money is scarier than a PG”
- Competing with AI in the future
- How it feels to sell your company
References and how to contact Jared & Dave:
- Dave Serwitz LinkedIn
- Jared Lenner LinkedIn
- Grade Potential Tutoring
- Marc Anderegg on Acquiring Minds: So Much Fun: The Buyer of Choice in a Fragmented Industry
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
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