Acquiring Minds
Trailer
Bonus
Episode 221
Season 1
First-Timer Turns $20k into $900k in 19 Months
Only after taking a second look at a small wedding catering & venue business did Nick Patrick recognize an opportunity.
Topics in Nick’s interview:
- Buying a business that checked only one box
- Getting past major key person risk
- Nick's fear of lacking operational experience
- Acquiring without an SBA loan or investors
- Learning to lead and handle conflict
- Operational intensity of a wedding catering business
- Cash flow advantages due to up-front deposits
- Improvements he made to the business
- Realizing he won’t be able double business
- Selling the business for a healthy profit
References and how to contact Nick:
Get a complementary pre-acquisition HR & PEO review for your target business:
Learn more about Walker Deibel's done-with-you buy-side advisory:
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