From 16 Years in Corporate to a $1m SDE Acquisition

But the first, I guess, efforts were centered around, you know, within my proximity of Vancouver, but willingness to go across Canada if I had the opportunity to run it remotely.

So tell us then about this unusual, unexpected business that you found.

That's in Denver, Philadelphia, and Calgary. And there's a workforce of about 85 people during peak season. So a fairly large, labor-intensive, service-based business.

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Having looked at least passingly at over a thousand sims and deals, what was so compelling about the name of the business is Gear Restore. What was so compelling about Gear Restore?

Yeah, so the main thing that really sold me on it was it's not a capital intensive business. So, you know, we're talking about sewing machines.

So essentially... I own a $500, let's say, Arcteryx jacket, super fancy outdoor gear. There's some damage to it. And these brands have very generous warranties, often, I guess, lifetime warranties.

So I can send it back to Arcteryx. They'll fix it and send it back to me. And they're fixing it.

They're actually outsourcing that to you. You have 80, effectively, seamstresses, kind of tailors, who do that work. And then you send it back to Arc'teryx, who sends it back to me.