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In this episode, Alex breaks down how he went from 10+ years in corporate finance to buying a $1.1M/yr tent rental business with his wife, how they came up with the 10% down, and what his first 2 months as an owner have actually looked like.
◼️ Why he spent 2 months spinning his wheels with brokers, and what finally got him unstuck
◼️ Why the sellers picked him over another event rental company that made a similar offer
◼️ The 50-year-old printing business he got serious about first, and why he walked away
◼️ How a tent bought once for up to $100K can bring in about $15K in a single weekend
◼️ Why he's holding off on paying himself, even though the business can already cover his old salary
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What is The SMB Deal Hunter Podcast?
Every week, Helen Guo interviews successful acquisition entrepreneurs, independent sponsors, and investors who have acquired businesses. Learn how to buy a business rather than starting one from scratch from those who have done it themselves.