How One Small Acquisition Led to 9 More in 5 Years
Nick Haschka left a Silicon Valley career and bought an office plant service in 2017, then acquired 9 more through 2021.
Key points from Nick's story:
The Wright Gardner was doing $1-2m in annual revenue, with margins in the 20% range.
Acquired the business in 2017 for ~3x of SDE.
Used SBA for 65-70% of the purchase price, 15% seller financing, and cash for the rest.
Four months after acquisition, SBA banker came to them with another indoor plant services business looking to sell. Acquired that business, plus 8 others since then.
Acquired businesses average a couple hundred thousand dollars…
The skinny
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