ETA·BRAINa Katyella project

Acquiring Minds

Buying a Platform with an SBA Loan

Excerpts · 411 segments · ~1:41:45 long

Short excerpts only — hear the full conversation on the publisher's site.

And even you yourself, when you guys, if you guys decide to have kids or whatever, probably can't sustain.

Oh no, I think I would agree that, yeah, traveling weekly. Well, and this was part of my career decision whenever I was 22 was around, not traveling for work. Whenever you choose to go into trading, part of the appeal is that you'll be off at 4:00 Central many days whenever the markets close.

And that worked well. Unfortunately. You see this with, you see this in many autobiographies. Whenever you want to build something larger, you end up spending a lot more time at work or on the road. And that's certainly come to be the case in my situation.

So you're building something larger than you thought you would.

I think so. Whenever we bought this, I wasn't sure if opening stores from scratch going to be the right answer or if acquiring more was even going to be an opportunity. 18 months in I see the opportunity to acquire more after going to conferences, talking to other owners and starting to market to those owners that may be sellers. And now having the experience of opening a store from scratch with…

We haven't talked about how much I like flooring yet, but with how much I like flooring, I now have the plan of building something much larger. Yes, great.

Perfect segue for me. Thank you on all that, Jacob. So, so, okay, so you've got opportunities for inorganic growth.

So going to these conferences, meeting these other sellers and getting a feel for what other what acquisition opportunities exist for you to roll up the industry. You've got an opportunity for organic growth in the form of spinning up new markets, which you've now have done one successfully. And you love the, you love the industry on top of it all.

So why don't we take those in turn quickly. The inorganic opportunity here is. Let, let me take a stab at it.

Is it essentially the obvious? Highly. And you've already kind of given us a hint of this highly fragmented Market lots of kind of retirement age sellers that essentially.

That's. That's exactly right. Or second generation, you know, that may even be retirement age. Right. So yes, it is those things.

Yeah. Great. And, and have you had conversations or even just kind of put feelers out? Do you feel like this is, you know, fish in a barrel sort of situation from you once you get serious about it? Like you have a lot of opportunities to choose from.

Want what comes before or after? Hear the full episode on the publisher's site ↗