21 Months to Stability Buying a $1.2m SDE Business
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Anatomy of a Franchise Holdco - Thu May 1 - https://bit.ly/4k8HKBd
Jan Roll bought a $6m residential contractor, a harrowing experience he calls one giant ambiguous ball of figure-it-out.
Topics in Jan's interview:
Contracting means learning 25-30 trades
Margin of safety in a residential construction business
Value of paying vendors immediately
Engendering trust in a low-trust industry
Revenues dropping 25% in first year of ownership
Using ROBS to buy the business
Pitfalls in contractor licensing
The harm in not having an employee agreement with a business partner…
The skinny
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