After nearly 20 years in banking and financing hundreds of business acquisitions, I finally became the buyer.
In this episode of My SBA Loan Pro Podcast, I share the complete story of buying my first business—a profitable trampoline park—and the lessons I learned before, during, and after the acquisition.
▶️We discuss:
➡️Why I chose to buy an existing business instead of starting one
➡️How I evaluated cash flow and risk before making an offer
➡️What I discovered during due diligence
➡️The financing structure and negotiations behind the deal
➡️The biggest surprises after taking ownership
➡️Why cleaning up the business didn't automatically increase profits
➡️Cash flow, taxes, and wealth-building strategies every buyer should understand
➡️My advice for first-time business buyers and entrepreneurs
➡️Why I'm already searching for my next acquisition
Whether you're considering buying a business, exploring SBA financing, or interested in Entrepreneurship Through Acquisition (ETA), this episode offers practical insights from someone who has been on both sides of the table—as a banker and now as a business owner.
If you're serious about business acquisitions, SBA loans, and building long-term wealth through entrepreneurship, make sure to subscribe for more episodes.
🎙️ Hosted by Ryan Smith
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