ETA·BRAINa Katyella project

Acquiring Minds

A $800k Business to Start, $60m Portfolio Today

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100% IRR per year. Yeah, yeah, per year. 45. So you're 250 of equity that you put in to acquire it. The proceeds could be 40 times that is $10 million.

40 times that is 10 million. So yeah, offers came in a little bit north of that. But again we've got a growth plan.

We've got a growth plan. There's a couple more acquisitions that that we've got lined up. And so, you know, acquirers are really looking for a growth story and.

Need a little bit of meat on the bone. And what we've been able to do with acquisitions is, you know, you buy an acquisition of a school that might be doing only, you know, half a million in revenue and 100,000 or so in Ebitda, and then you put in our systems where, you know, we've got fantastic instructors who can go into those schools from around the city.

You know, we can load them up with lots of students, we've got lots of recurring sources of how we find students and you know, send them to the new schools that we've acquired and therefore within a couple of years we can build those schools from a hundred thousand in EBITDA to 2, 300,000. So two or three times and then their kind of run rate growth from there.

So with this kind of flywheel model, yeah, it attracts the right investors to purchase us and in the future. And so if we can continue to demonstrate the growth, I'm sure that they'll.

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The meat on the bone point is, is one we hear about. When you are growing your business, you want to be able to make an argument to prospective buyers of your business that there's still a lot of growth to be had. So you don't strategically want to grow to the business's ceiling.

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