Episode Details

Patrick Beal left tech to buy an HVAC business with 90% seller financing, no SBA. He's on track to hit $3.5m this year. 

Register for the webinar: 

• Working Capital: One of ETA’s Most Expensive Mistakes - TODAY!! - https://bit.ly/4f8pSGY

Topics in Patrick interview:

• Entrepreneurship in his family
• Zoom fatigue from remote work
• Searching in Northeast Ohio
• Finding a business through his network
• Meeting with the seller for almost a year
• Structuring 10% down, 90% seller note
• Underestimating working capital needs
• Keeping his W-2 until the business grew
• Quadrupling revenue in 2 years
• Working on getting his HVAC license

References and how to contact Patrick:

• LinkedIn
• Temperature Control Maintenance
• Linh Tran on Acquiring Minds: The Dream Outcome: From $300k to $5m EBITDA
• Steve Carroll on Acquiring Minds: ETA Unicorn:  $1 Billion in Revenue in 5 Years

Download the New CEO’s Guide to Human Resources from Aspen HR:

• From this page or contact jenny@aspenhr.com

Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

• Pioneer Capital Advisory

Get a complimentary IT audit for acquisition diligence or post-close transition.

• Visit inzotechnologies.com/eta.

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