Acquiring Minds

Rick Schmitz was an inexperienced 22-year-old with no money when he acquired a run-down ski resort and turned it around.

Show Notes

Rick Schmitz was an inexperienced 22-year-old with no money when he acquired a run-down ski resort and turned it around.

Key points from Rick's story:
  • Rick Schmitz was a 22-year-old graduating senior uninterested in pursuing a career in finance.
  • He saw a small ski resort for sale in his native Wisconsin. It had been on the market (and losing money) for 5 years.
  • Negotiated the original list price down from $1m to $625k.
  • Most banks rejected him outright for a loan, but gradually he cobbled together the purchase price.
  • 17 years later, Rick has acquired and operates 2 other resorts in the upper Midwest.
Reach Rick Schmitz at:
Official episode page & full show notes at AcquiringMinds.co:

What is Acquiring Minds?

Buying a business is an amazing path for many successful entrepreneurs. Learn how to buy a business from the entrepreneurs who have already done it. 2x per week: stories, insights, & valuable advice about acquisition entrepreneurship. Hosted by Will Smith, who is on his own path to acquire a business.

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