We.
Acquiring Minds
How 1 SBA Loan Brought Down 2 Businesses
Episode
Excerpts · 478 segments · ~1:34:10 long
Short excerpts only — hear the full conversation on the publisher's site.
03:45 Background: construction to consulting13:10 Meeting Matthias, operating partner deal17:23 Equity structure and personal guarantee24:37 Austin landscaping business details31:55 Dallas acquisition thesis43:01 Undisclosed commission liability surfaces53:35 Employees stealing customers, competitor1:03:58 Dallas bankruptcy and personal fallout1:16:25 Shutting down Austin business1:23:07 Custom AI-built software for landscaping
We often see landscaping, of course, being the example. Lots of searchers about landscaping businesses. Okay, great. So what is this Search Funder post you see from Matthias?
Yeah, so it was actually another classmate from. From a Combs, who I hadn't been on Search Funder for a minute. He reached out and he's like, hey, you need to check out this post on Search Funder Matias, who's my business partner in both acquisitions, which we'll get into, he had a business in Austin under loi.
It was a landscaping business. I didn't know at the time, but the post essentially said, hey, I am looking for an operator in Austin. At that point, it was important to clarify in person.
Someone with a construction background, Ideal consulting background would be great. Someone who speaks Spanish would be another big plus. And sort of the more I go through the list, the more I'm like, man, he might as well have just put my name on this.
Like, I fit the criteria very well. This is exactly where I want to be. It was a construction based business.
So I reach out to him immediately and I'm like, hey, man, we should meet and talk. This is my background. He happened to be in town that I think I messaged him on, on Friday afternoon, and he just happened to.
Let me pause you. So he was looking at buying this business in Texas. In Austin.
Yeah.
And. And owning it remotely.
Yep.
And looking for an operator to be on the ground. Operating partner, so.
Want what comes before or after? Hear the full episode on the publisher's site ↗