Partnering with an Operator to Buy a Business
Landon Mance bought a $1.7m tree business alongside a minority partner who's operated the business full-time from Day 1.
Topics in Landon’s interview:
Crossing paths with a financial criminal
Buying a tree service business with his friend as operator
Where “follow your passion” falls short
Why the business had high margins at acquisition
Negotiating with the sellers over Zoom
Burning through the capex budget in 90 days
The importance of putting everything in the contract
His operator’s equity stake in the company
Continuing to run his financial planning business
His 5-8 year vision for the…
The skinny
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