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Buying for $600k, Selling for $35m
Published 9 months, 4 weeks ago
Description
Jake Bittner bought an unprofitable carve-out doing $3m. A key pivot grew revenue to $20m and got the attention of PE.
Register for the webinar:
- How to Run the SBA Deal Race - Dec 4th - https://bit.ly/44whqv6
Topics in Jake’s interview:
- Building a nest egg before leaving his job
- Fallout from his father’s failed businesses
- Calculating the value of a business losing money
- Disliking the bureaucracy of large companies
- Joining his friend to run a distressed company
- Employee war stories
- Changing the service they offered
- Achieving 60% margins
- Boosting customer retention
- Selling the company for 11x earnings
References and how to contact Jake:
Get complimentary due diligence on your acquisition's insurance & benefits program:
Work with an SBA loan team focused 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
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