I’m a self funded searcher targeting a home services business likely in the $400-500k SDE range. I feel confident I can bring value to an acquired business, but would like to bring on a GM who is more experienced in the industry to manage the day-to-day operations for at least the first few years. If nothing else, having an operator partner to bounce ideas off, and provide advice based on their lived experience would be very valuable. Additionally, while I eventually plan to go full time on the acquired business, the plan is to keep my day job for the foreseeable future.
if anyone is out there that can relate and would be willing to share their experiences and advice either in a post or virtual coffee on me, I’d very much appreciate it! Would welcome tips on everything from locating a GM, developing a comp package, managing the working relationship, etc.
Anyone with experience in hiring a GM for an acquired business?
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