How to Buy a Landscaping Business & Boost Profits Quickly
In just 9 months, Mike Botkin decided to acquire a business, negotiated a great deal, and dramatically improved profits.
Key points from Mike's story:
B & B Landscaping was generating around $800k in annual revenues.
Acquired it for 2x of SDE.
Paid 50% cash up front, then the remaining 50% was seller financed with a 4-year loan at zero interest.
Turns out a third of customer accounts are unprofitable, costing the business money & weighing down margins terribly. Money-losing customers are let go, and prices raised for many others.
In 9 months, acquisition entrepreneur Mike Botkin has the idea…
The skinny
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