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(Boring Business) Buying an Sprinkler Installation Business! | The Kevin Choe Show Ep. 14
Manage episode 487651091 series 3670519
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In this episode, I interview Don Miller, who shares his journey of transitioning from real estate to business acquisitions, specifically focusing on his experience buying a sprinkler business. We discuss the challenges and strategies involved in acquiring businesses using creative and seller financing, as well as the importance of hiring the right people to scale effectively. Don also shares insights on his future plans and growth strategies in the business sector.Takeaways:
- I'm transitioning from real estate to business acquisitions.
- Don Miller bought a sprinkler business and an HVAC company.
- Creative and seller financing are key strategies.
- Hiring good people is crucial for business success.
- The sprinkler business was bought for $106,000.
- The business was grossing $160,000 before the acquisition.
- Implementing service plans helped lock in revenue.
- Seasonal businesses can be challenging but manageable.
- Don's wife is the general manager of the business.
- Future plans include raising capital for larger acquisitions.
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