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How to Buy a $20m Business as a First-Timer
Published 3 months, 2 weeks ago
Description
When Alan Turkus found a business with a mission, he knew he'd found the right fit for the final chapter of his career.
Topics in Alan’s interview:
- Background in book publishing
- Post-MBA career in tech
- Taking a career break to raise his son
- From co-op cashier to co-CEO
- Seeking security through business ownership
- Acquiring a home health and hospice franchise
- Raising equity from search investors
- Retaining a little over 50% ownership
- Structuring with 2 forgivable seller notes
- The advantage of buying a bigger business
References and how to contact Alan:
- Interim Healthcare of Twin Cities
- Elliott Edge on Acquiring Minds: 1 Business vs Many: Deciding to Roll Up
- Grant Hensel of Entrepreneurial Capital
- Jacob Hall of Kando Capital
- PROX Capital Group
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 and produced by Pam Cameron