Raising money for home services deal

December 29, 2022

by a searcher from Boston College - Wallace E. Carroll School of Management in Boston, MA, USA

I have a home services company that I am close to going under LOI with. Its SDE is 650k, for sale at $2.65 mm, and my valuation is $2.5 mm. I would plan to operate and hire a marketing team to improve the company (among other things).

Looking to start some conversations with people interested in backing self-funded searchers. I was initially going to wait until 2024 to start (to save more money). However, this company caught my eye. In all, looking to raise about $200k for deal costs such as QoE, Legal, Down-payment, etc.

My background is in healthcare & some new experience in middle-market PE looking to make a change in the SMB space. If this might interest you, you comment on this post & I will dm you directly.

Reply by an investor
from Seattle University in Seattle, WA, USA

We have several home service investments already. Shoot me an email at redacted and we can schedule a time to talk. At a minimum I can give you some pointers on what to look for in home services.

Reply by a searcher
from The Ohio State University in Chicago Metropolitan Area, USA

Best of luck! I am in PE now too but a couple of years behind you as far as timeline goes for possibly launching. I have ops, marketing, and add-on integration experience if helpful to bounce ideas off of.

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