And what's the magic? What's magic about 15 million? Why is that your goal line as opposed to 10 or 20?
Acquiring Minds
One Year, 3x Revenue, and a Clear Path to $15M
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i i'm my 15 profit so 15 million puts me over about over 2 million ebitda um and then i'm i'm in the lower middle market and then more opportunities for for for non-dilutive credit uh uh capital is out there for me At $3 million EBITDA, you get the SBIC. You can talk to the SBICs, and you can get lines of credit that are two to three times a year's earnings.
Right now, I have a line of credit that's 60% of my accounts receivable. So it's asset-based lending. But once I get to a certain size, even though I'm project-based, especially if I'm project-based, it has bigger ebbs and flows.
I will be large enough to be open up to middle market credit lines. And then I can grow, you know, with a 10 million credit line, I can grow. My limiting factors to growth is my bonding capacity.
I don't think we touched on that. And my working capital.
Yeah.
Because the bid flows there. I have a bid flow for, you know, a wildest 25 million a year without having to do much business development.
And so the 15 million revenue number is not where this journey ends. It's just you see that as getting into the next category of construction business where you, as you said, you can get much more generous and larger working capital loans and therefore bid on much, much bigger projects and accelerate growth that much faster, I guess. Yeah.
to get to 30 million that is correct i will keep the growth at a certain level that's comfortable you grow too fast and then you know things get out of control uh i think 50 growth is aggressive 50 you know and but still manageable mainly because that's what we've been You know, this first year has been, you know, explosive, but I don't expect that to happen every year.
I just, you know, put an additional, you know, capital to lift up the company to where it should be. You know, it was kind of in starvation mode and it wanted to be at this size, I feel like.
Yeah. Yeah. And what's your long term? So is your long term plan to run this for the duration of your career? Are you building it to maybe sell it?
Or, you know, you'll worry about you'll just build options for yourself and worry about that in five years.
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