I chatted with Steve Keller, who bought two crime scene cleanup companies and sold them for $5.8 million in less than a year. This is one of the most unique business models I've ever seen, and Steve gave me a masterclass on margins, challenges, and how to run a crime scene cleanup business. 1:28 Working as a sports cameraman 3:40 Buying the first business 8:01 The second and larger business 10:09 Running the new business 22:03 How he financed the purchases 26:30 Red flags to watch for ...
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I chatted with Steve Keller, who bought two crime scene cleanup companies and sold them for $5.8 million in less than a year. This is one of the most unique business models I've ever seen, and Steve gave me a masterclass on margins, challenges, and how to run a crime scene cleanup business. 1:28 Working as a sports cameraman 3:40 Buying the first business 8:01 The second and larger business 10:09 Running the new business 22:03 How he financed the purchases 26:30 Red flags to watch for ...
He Bought a Small Business, Doubled Profits, and Sold for 24x
Business Buying Academy
41 minutes
7 months ago
He Bought a Small Business, Doubled Profits, and Sold for 24x
Today I sit down with Chris Edwards, who bought a flooring business in Steamboat Springs, Colorado. He bought the business for $1.7 million, grew revenue by 50%, and doubled SDE (seller discretionary earnings). He then exited the business after about 3 years, earning himself a 24X return on his invested capital (most of the deal was financed with SBA debt, so he was able to make a large return on his down payment). Highlights: 5:19 Getting into ETA 7:17 Chris' search criteria 9:54 How long ...
Business Buying Academy
I chatted with Steve Keller, who bought two crime scene cleanup companies and sold them for $5.8 million in less than a year. This is one of the most unique business models I've ever seen, and Steve gave me a masterclass on margins, challenges, and how to run a crime scene cleanup business. 1:28 Working as a sports cameraman 3:40 Buying the first business 8:01 The second and larger business 10:09 Running the new business 22:03 How he financed the purchases 26:30 Red flags to watch for ...
