Building Trust as New Owner of a $3m Business

Today's guest arrived in the US just seven and a half years ago from India by way of Australia and now he is owner of a business with over $3 million in revenue. Ruchik Gandhi was a trained accountant working on financial diligence for private equity companies that were actively buying up home service businesses. These roll ups as well as his discovery of the concept of multiple arbitrage piqued…

Maybe he could do something similar if on a smaller scale. Well, he has taken the first step in that journey with the acquisition of a business that fabricates and installs custom window treatments and upholstery. A workroom. In industry jargon, Ruchik provides a front row seat to the transition from white collar office work to blue collar business ownership.

Listen for the segment on Ruchik earning the trust of his employees who initially reacted to him skeptically. Some Wall street guy telling them what to do. Also listen for how Ruchik found the deal from other searchers who had it under LOI and had done a fair amount of diligence before deciding the deal wasn't for them.

Ruchik purchased the deal from them. We talk about the costs there. Okay? Please enjoy this interview with Ruchik Gandhi, owner of Window 25 welcome to acquiring Minds, a podcast about buying businesses.

My name is Will Smith. Acquiring an existing business is an awesome opportunity for many entrepreneurs and on this podcast I talk to the people who do it. 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@markspenhr.com.

Ruchik Gandhi welcome to Acquiring Minds. Thanks for having me.

Will. Good to be here. Ruchik. You arrived to the States seven and. A half years ago.

Today you are the owner of a business that you acquired about 10 months ago. Hopefully that means that the dream is still alive here in the States. Please start us off with some background.

On this remarkable journey of yours. Richie Absolutely.

So I'll go all the way to the back. I was born in India. I did my schooling there.