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In this episode, I break down how Jay went from 25 years on Wall Street to owning a plant leasing business that's been running for nearly 40 years and pays him $650K a year.
◼️ Why the biggest plants in a hotel lobby are rented and never sold, and how the same plant earns money at three different clients
◼️ The 10% he put down on a $2M business, and where the other 90% came from
◼️ Why a $500K business can be riskier to own than a $2M one
◼️ How he beat six other buyers without offering the most money
◼️ The profit hiding in the seller's books that the broker's numbers never showed
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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.