Building a $25m FedEx Route Empire from $100k Equity

Check out EnzoTechnologies.com, I-N-Z-O, or email Nick directly at Nick at EnzoTechnologies.com. And don't forget to tell them you're a searcher. This first route, so how was it priced?

I mean, what was it selling for and how was that enterprise value calculated?

But even that 4.6 of earnings, I think the earnings were skewed or incorrect or had drastically fallen by the time that I actually closed on it. Because it was valued during COVID. And then I bought it basically after COVID.

It probably took like six months. And they probably got the perspective built. two to three months before that so maybe even nine months before i purchased it was the numbers that i was looking at and to be honest i probably didn't do my due diligence on it either

But if I were to go back and not take it, knowing the numbers weren't what they should have been, the right decision would have been to still buy it and to undergo that pain that I endured for a while.

We keep teasing this pain. I promise, audience, we're about to get there. And so when you say four and a half, you're talking about on about $200,000.

This business was claiming about $200,000 in profit. Yeah, around there. In EBITDA. And when we say EBITDA, in fact, it's more like what we would call SDE because that $200,000 needs to pay you, right? Mm-hmm.

yeah needs to pay you your salary portion yeah yeah which i never took a salary and i still don't but um yeah so that helped that helps for growing if you can just push everything back in obviously you know you're you're going to compound a lot faster sure but

then the multiple that you paid is actually higher because your time is worth something. Your time is worth a lot. And you're basically investing your time in the business without compensation, which.

Yeah. Fair. Which I'm fine with that. Yeah. Well, and it certainly has worked out.

Yeah. Yeah.