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Acquiring Minds
Trailer
Bonus
Episode 284
Season 1
Buying the Neighborhood Nursery (with $800k in Earnings)
Register for the webinars:
- Due Diligence Office Hours - Thu Sept 19 - https://bit.ly/4d27MSA
- How Much to Budget for a Self-Funded Search - Fri Sept 20 - https://bit.ly/4gk4XPH
- Legal Office Hours (Deal Structure & Its Tax Implications) - Thu Sept 26 - https://bit.ly/3zl0H1w
- How to Hire an Operator to Replace Yourself - Fri Sept 27 - https://bit.ly/3TuzvEG
Rory Tyer bought the nursery where he'd been a loyal customer. Today it generates not just cash for him, but peace.
Topics in Rory’s interview:
- Searching by driving around
- Advantage of buying in a high-growth area
- Buying a business his kids would be proud of
- Getting a “screaming deal” on a garden center
- Negotiating an unlisted deal
- Explaining deal structure to a seller
- Challenges of staffing a business with seasonality
- Decision to stay closed on Sundays
- Insurance costs tripling after acquisition
- Gardening as the antidote to screen fatigue
References and how to contact Rory:
- rory@spnursery.com
- South Pleasantburg Nursery
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or email hello@systemsix.com and mention Acquiring Minds
Get $200 off your ticket to the M&A Launchpad Conference in Chicago on October 26th:
- https://www.malaunchpad.com & enter code ACQUIRINGMINDS
Get complimentary due diligence on your acquisition's insurance & benefits program:
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter