That's where it eventually got us to. Yeah, that little. That little division we had. That. That particular division, when I got there, had $400,000 of sales and was losing a fair amount of money trying to get it going.
Acquiring Minds
Exiting for Millions vs. Long-Term Hold
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So why. And what was the revenue and employee base of business number two?
So business number two was a bigger, better business, Was also losing a little money. It had almost 2 million of revenue, and it had, you know, I'm gonna say, like 18 employees. Okay. Almost everybody on the floor doing molding work.
Okay. Okay. So you decide to buy not one, but two struggling, unprofitable small version.
Yeah, that wasn't the plan, but as you know, these deals fall apart. I expected at least one of them to fall apart, and then they both closed.
Well, for the audience, this is not the first time we've heard this theme. I'll just. I got these two or more, Lois. One of the, you know, they're all bound to fall apart.
So if I'm lucky to get one across the finish line, so I'm just going to keep carrying them both down the field, and then, lo and behold, they both close.
Yeah, that's what happened.
So, by the way, were you freaked out when you were like, oh, I guess I'm Doing. Aside from the capital commitment or whatever it was going to cost you, just the now responsibility of taking on two businesses.
Yes. They closed within six months of each other. I was fully engaged in the recycling business when the second one did close and did wonder how I was gonna, you know, do a good job in both places. They were both about an hour and a half from my home and in opposite directions.
Oh. So.
And. And this was pre zoom.
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