Acquiring Isn't Always a One-Way Door

The first six months back office and then after that you were in the field and being estimator and project manager.

Yeah, 100% exactly.

I purchased the business for? The business was advertised as 1.7 initially. That's how it was advertised for 1.7 because the business was taking revenue prior Covid, which was more skewed on the higher side, as I mentioned, on the 3.5, 3.6 million a year, doing the 3.5x multiple during negotiations and you know, after doing my due diligence, I close on 1.4.

So I bought the business for 1.4 million. And during the, the actual 2 year period while I was in the company, I did increase the revenue, I'll say 15, 20% from the previous year. The 2023 was a terrible year for the, for the company in reality, for whatever the reason is reasons.

So my first year 2024 from 2.6 to 2.9 million in revenue. And then my, my second year 2025, we, we closed at 3 million revenue. So it was also a great year.

And I can get more into specifics on the EBITDA for 2025. That's when we, we, we Started encountering the the tariff war. Right. So Trump started slashing tariffs on a lot of materials used for remodeling. So our costs increased.

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Visit pioneercap.com or click the link in the notes. So 1.4 million purchase price and then what was the structure of the deal?

The structure of the deal. Sorry about that. The structure of the deal was the typical structure. So it was a solo search.

So 80% SBA loan loan 7 a 10 my cash injection and then the other 10% it was a seller note that was on standby until the SBA loan was paid off. Right. So not a current interest, just on standby until the SV loan was satisfied. So that was just the, the structure of the business. 80, 10, 10 which is, which is pretty typical.