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In this episode, Ben breaks down how he left Apple after 13 years to buy 3 tech repair stores in Silicon Valley, how his 401k covered the 10% down payment, and what his first 45 days as an owner actually looked like.
◼️ The below-asking offer the seller turned down, and how it came back months later
◼️ Why the loan he owes the seller shrinks every hour his team works for customers who prepaid the last owner
◼️ How a neighborhood repair business runs gross margins above 70%
◼️ The client CEO who pushed to cut their IT contract before Ben even closed, and what he did about it
◼️ Why the last owner ran it from LA, and why Ben makes a 70-mile commute to be in the stores almost every 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.