So we're kind of taking an active approach in terms of monitoring the market on behalf of our members. And so, so from a cost savings perspective, yes, we are $120 a year, but we're saving folks on average, average home, average rate within the state of Texas. If they're coming into an energy yogurt plan, we're saving them about $500 a year.
Acquiring Minds
When to Buy a Large Consumer Business
Excerpts · 338 segments · ~1:20:57 long
Short excerpts only — hear the full conversation on the publisher's site.
So it's a great value proposition for folks. They're coming in for the savings. They're typically staying for the convenience because we're doing it for them.
It's a set it and forget it model where we're taking on the monitoring. We have authorization to make changes on their, on their electricity plan on their behalf and then they're really buying. Peace of mind, right?
I mean this, this environment within the state of Texas is very cluttered. It's, it's confusing to the end consumer. There's a lot of plans out there that require a lot of knowledge in order to make the best selection.
So people really buy and stay with us because of the peace of mind of knowing that they're in the best plan for their home.
The team at Aspen HR recently published a short white paper targeted at searchers Entitled A New CEO's Guide to Human Resources. It lays out the key items you should be thinking about as you transition into CEO and owner of the business you bought. The link to download it is in the show notes.
Aspen is a professional employer organization or PEO run by a searcher for searchers. Search fund veteran Mark Sinatra runs the company which provides HR compliance, flawless payroll, Fortune 500 caliber benefits and HR due diligence support for your acquisition, all for. A fraction of the cost.
Go to aspenhr.com or contact Mark directly. At mark aspenhr.com Taylor well, we're Gonna unpack some of, we're gonna unpack the business more and kind of how the incentives play and why it remains an opportunity. And so on a little bit later in the interview because it's really kind of an interesting dynamic but I, I, I don't want to derail the story.
So we'll return to that. So the, let's go back to the owners. The, your contact is looking at doing something else.
His, I guess co founder and acting CEO has decided to move to Germany.
To support his wife's career.
The opportunity to buy the business is there. What can you tell us about the acquisition? And I guess actually before that, can you give us any sense of the scale of this business?
Want what comes before or after? Hear the full episode on the publisher's site ↗