Episode Details
Back to Episodes
An Engineer's Mini Berkshire: 2 Auto Shops in 1 Year
Published 3 weeks, 5 days ago
Description
Sujith Shankar left 25 years in corporate to buy cash-flowing businesses: a $1.2m repair shop and a $2m body shop.
Topics in Sujith interview:
- How Rivian layoffs changed everything
- Falling down the Warren Buffett rabbit hole
- Why auto repair beat real estate
- Funding a deal without an SBA loan
- Running a business while keeping a W-2
- Winning over skeptical employees after closing
- Planning a mini Berkshire Hathaway
- Is EV adoption really a threat?
- Buying a second business just months later
- Collision shops vs. repair shops
References and how to contact Sujith:
- The Billionaire Who Wasn’t by Conor O’Clery
- Edgar Galindo on Acquiring Minds: How 1 SBA Loan Brought Down 2 Businesses
Contact Jenny to learn how Engage can run people operations in your acquisition:
- Jenny Thear: jthear@engagepeo.com
Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:
The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:
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