How to Identify & Buy a Great Residential Contractor
Register here for the webinar, Working Capital 101
https://bit.ly/3veZaYP
Alan Lochridge left a career in consulting to buy a 20-year-old $5.5m hardscaping contractor with strong fundamentals.
Topics in Alan’s interview:
Years of searching before acquiring
Understanding the ROBS financing strategy
Reiterating company values weekly
His day-to-day role as owner
Restructuring to do more with fewer people
Embracing digital marketing and CRM tools
Why he’s so comfortable with project-based revenue
Advantage of a negative cash conversion cycle
Pros and cons of using subcontractors
Getting his…
The skinny
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