How to Structure Around Risk in a $250k SDE Acquisition

With a, you know, a lot of passion and leadership and enabled and probably underbidding as well, and was able to, was able to, I guess, gain market share quickly enough and then, and then exited the business. So.

And, and there are people out there disrupting. One of my former mentors is, is coming up with an independent elevator service company and they're doing very, very well. The other side of that was that when I was in Switzerland, I was very close to, you know, Mr.

Okay, Alicia, back to you and your husband have built, paid a contractor to build not one, but two ADUs, as you said, which are just standalone small structures in the backyard. What did you say? Granny flat or whatever. Man cave or a she shed or casita man cave.

And she shed is a little, little less. These, these have typically like full kitchens. You know, it's a one bedroom apartment, basically.

Yeah, yeah, yeah.

Depending on the size.

Exactly. And can be a rentable unit, which is, I guess, what you were doing. You can actually have a tenant. Okay. So you then start talking to the owner, the general contractor who built those for you. About what?

Well, I asked him, you know, came to know that he didn't really have a succession plan in place. He was pushing his seventh decade and probably would be looking at retiring sometime in the future. And so I talked to him about what his plan was going to be.

And then I actually just called him and approached him one day asking him if he'd be interested in me acquiring his business. And he said yes.

And why were you interested in acquiring business?

Well, I, in the background had been interested in entrepreneurship and was kind of looking into this ETA and search world, but I Couldn't really figure out exactly what area I wanted to do it in. As a licensed gc, I kind of had maybe a walk in into a home services business that would make sense to a lot of folks.