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He Left Startups to Buy a $300K/Year Business ($50K Down)
Description
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In this episode, David breaks down why he left 15 years of VC-backed startups to buy a 28-year-old lawn care business, how he closed with $50K down and no bank after an SBA rule change killed his first deal, and what he's doing to grow a company that hadn't added a new client in a decade.
◼️ Why a founder with an exit under his belt decided a lawn care business was the smarter bet
◼️ How an SBA rule change killed his first deal 60 days into due diligence, and the pivot that got him to the closing table anyway
◼️ The exact seller-financing structure behind a $179K close with $50K down and no bank or investors
◼️ How he rode the routes and rebuilt the P&L by hand to make sure he wasn't buying "a complete wreck of a business"
◼️ How a business that hadn't added a new client in 10 years is now adding 2 to 3 every week
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