Episode Details

Frustrated after losing 3 jobs, Bruce Vann used savings to acquire a 25-employee, 7-figure curtain manufacturer for 2x. 

Themes from Bruce’s interview:

• Paying 2x for a growing 70-year-old business
• Buying a business to pull out of a career rut
• Why finding a business is like a full court shot
• The need for persistence
• Abandoning a proprietary search because of seller overvaluations
• Chasing down leads and not becoming complacent
• The importance of documenting business processes in case of sudden staff departures
• Dealing with uneasy staff during the transition period
• The experience of acquiring a business as a Black man in the U.S.

Reach Bruce at:

• bvann at luxout dot com