And I'm trying to think if anybody is still here. I would say that the now ex son in law is still with us. He's great. The, the former owner is still with us and that's it.
Acquiring Minds
The Dream Outcome: From $300k to $5m EBITDA
Short excerpts only — hear the full conversation on the publisher's site.
Okay. So that company has grown to around 100 people I would say. So I ran that company until about five or six years ago. And I left it with the SDE was probably around two or three million dollars when I left it five or six years ago.
And I say around two or three million dollars because we use that as a platform to invest in other companies. So that was a commercial refrigeration company. Then we bolted on services like electrical, plumbing, light construction, things like that.
And so since I never intended to sell it, I never ran it to make it look good for a sale, if that makes sense. Right. We, we spent as much everything that was coming in, we put right back into growth. And so I think that's why we were able to grow from you know, 100 to 300,000 in, in profit to 3 million fairly quickly.
And then today I've got professional management running it and they've grown it. I think the average growth in the last five years was 20 something percent a year. So they've grown it pretty well as well.
So if you look at the SDE of it, if you look at the SDE of the business today, I heard you say 2 to 3 million. That was five years ago.
Oh right, yeah.
So today it's significantly more than that.
It's something but you know, it's, it's, it's intertwined with dozens of companies and so I'd have to like split it out. Right. Because if this company is not doing as well, then we shift resources over to it and things like that. Right. So.
Right.
But if I was preparing it to sell, then yes, I would obviously have a, a different number to tell you.
Which is probably between 5 and 10. That's a big range, but.
Want what comes before or after? Hear the full episode on the publisher's site ↗