Okay. Okay, great. Okay, great, Jeff. And so really appreciate you sharing these numbers with us and including the fact that maybe not super profitable last year, but looking forward, that profitability is going up.
Acquiring Minds
From $1m to $25m in 6 Years
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So the problem is, by the way, the profit's gone up every year. Every year has gone up.
Okay, so 10% on 25, 27 million this year is a nice two and a half, 2.7 million. Now, that's all before debt service, because this is EBITDA we're talking about. But now tell us, the other number I wanted to hear was you're all in, like, how much cash have you put into this whole project?
Okay, well, let's see here. So I made a loan in 2020. I'm probably in probably for four or five hundred grand.
And of course, that doesn't count the opportunity cost of me giving up my. My salary and working for free for two years. Right. Yeah, but I probably four to five hundred thousand dollars in my guess. Yeah, I'm all in on.
Yeah. And so I don't know what your debt service looks like, but you're probably close to paying that money back to yourself every single year.
Yeah, well, we refinance it. We're always growing. I'm always. Cash is king. So it's like I just refinanced the debt and, you know, I put a little more debt out.
But we're sitting with some pretty large cash reserves, which is where I want to be. That way acquisitions come, I can pull the trigger. Right. Our debt service is very manageable.
We still, we have, you know, still significant debt, but relatively speaking, it's very manageable. Right now I think we have 6 million in debt, but, like, okay, but we have like 2 million in cash. So. Yeah, you know, so our net debt is 4 million.
So it's actually, our ratios are really, really good. So.
Yeah, yeah. Right. And okay. And just the point, too, on how much cash you put into this is that 4 or $500,000, the return on that equity is going to be already good. But as in the years ahead, it's just going to be just a phenomenal return. Now to your very important point, this is also, there's opportunity costs in the unearned salary and it's what you've devoted your life to.
So yeah, you would. So this, it's, it's not like this is a passive investment by any means. You worked a hundred hour weeks for the first few years, you said.
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