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In this episode, Jay breaks down why he walked away from a 25-year Wall Street career to buy a business that was already running, how he closed a $2M deal in about seven months, and what his first month as an owner actually taught him.
◼️ Why he stopped building other people's wealth at a New York hedge fund and decided to own the whole thing himself
◼️ How he found his business within a day of joining and beat six other buyers without hiring a lawyer to write his offer
◼️ The add-backs he uncovered in diligence that pushed his multiple below 3x and lowered the price he paid
◼️ How a deal that was 30% real estate cleared SBA financing and an environmental review without blowing the timeline
◼️ What running a 40-year-old plant leasing business in 40 hours a week looks like with a 12-year manager on the day-to-day
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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.