Hiding in Plain Sight on BizBuySell $800k SDE for 2x | Joseph Ziolkowski Interview

Описание: Like many of you, Joe was checking BizBuySell daily, not seeing many interesting businesses come up for sale. He finally decided to relax his filters a little, and look not just at the new stuff, but the old stuff, the listings that had been sitting for a while. And that is the origin of his ownership of Woodland Face Veneer. Woodland Face is a manufacturer with $11m in sales and $800k-ish in SDE. Sale price? $1.5m. That's less than 2x for a mature, sizable business, with an SDE level that self-funded searchers all seek. Now, there is some customer concentration to this business. It's in a very small town. But those are relatively minor when you consider Joe's entry point into this 8-figure manufacturing business. I wish us all similar good fortune. Here is Joe Ziolkowski, owner of Woodland Face Veneer.

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Chapters:
00:00 Joe's background
06:52 Starting the search for a business
15:11 Acquiring the restoration business
24:37 Understanding the restoration industry
34:10 Advice for other searchers
42:25 Preparing for the next venture
49:21 Details of the manufacturing process
58:57 Customer concentration concerns
01:08:40 Learning from the previous owner
01:20:27 Day-to-day operations and management
01:28:47 Final thoughts and advice

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ABOUT Acquiring Minds
Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.

Credits:
Edited by Anton Rohozov
Produced by Pam Cameron

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