Looking to gather 3-4 advisors who either work with or have been in a similar spot after acquisition. Compensation associated in a format TBD. Business is in the specialty food ingredient space with tangential lines. We are profitable, growing 30%-50% y/y with strong gross margins and generally recession and inflation protected.
We've acquired, grown/transformed a company, diversified across 4 lines of business (D2C, B2B, Wholesale, Contract) and have product market fit all showing promise with 60% GMs in all lines. We are executing 'OK' but not at the level I'd like and I see this as a headwind going forward as each of the business lines grow. We need to build out the leadership team and scale faster than the rate I am doing myself and we have a time sensitive window for gaining a strong foothold against two large incumbents in a supply constrained/demand rich market.
Scenarios considering include:
1. Operate/scale with debt financing/SBA...
2. Raise an equity round with a focus on strategics
3. Exit to a better positioned strategic/team
4. Bring on 1-2 Searchfunders looking to join/earn equity in an operating role and take company to next level.
Welcome other scenarios...
Reach out if interested in learning more.
Thanks -
Paul
P.S,. - Some context:
2016: $534k rev / -313k EBIT loss (64% gross margins)
2021; $2.6M rev / +121k EBIT gain (72% gross margins)
2022; $3.4M rev / +421k EBIT gain (71% gross margins)
2027 (est): $17-25M / +5.2-8.2M EBIT
Obviously a lot of devil in the details but we've got a growth company ready to grow up :)
Paul
Next Milestones After Search --> Transform/Operate --> Grow
by a searcher from Harvard University - Harvard Business School
More on Searchfunder
Searchfunder is an online community and toolkit for searchfunds. Over 80% of those involved in searchfunds maintain a Searchfunder.com account to help them network, problem solve challenges, and keep up with the industry.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
We maintain partnerships with database providers that make searching more effective, efficient and affordable along with features that help searchers find deals and investors and vice versa.
68 views
1 comment
Sign in to see all replies.
Create an account.