75 - Buying a High 7 Figure Business with a Buy-Side Advisor
Jason Andrews' story has some elements to it that aren't so common among guests on Acquiring Minds.
Namely, Jason used a buy-side advisor to buy his business.
It was expensive, but he feels worth every penny, and looking at his situation, I do too.
Jason got a sizable business, high seven figures, maxed out the SBA loan and then some, and he was a total novice.
I really wanted to understand working with a buy-side advisor. So we do spend time on that.
We also talk about:
doing this in your 40s, taking such a big swing
whether he was buying a job
where he invested his time during due diligence
the consulting agreement he structured with the previous owners
buying big versus buying small
and what his life looks like now, six years into his acquisition
Spoiler: he sees a near future where he's working only 15 hours a week on the business and then going out and buying another.
Phenomenal, packed episode here with Jason Andrews of GroupSource.