Okay. Anything more to say about the search. Process itself, or should we turn our attention to the business itself that you bought? One thing that I'll say is yes, and people never believe me when I say this.
Acquiring Minds
Trades Over Tech: Buying an Appliance Repair Business
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I found it on biz by Sell. And it was the first business that I reached out to a broker about. I love it. And I heard. I've heard that a time or two, and it's just.
Just magic when it happens. Yeah. And now it wasn't. That doesn't mean I didn't. I didn't inquire about other businesses, and I wasn't.
I probably looked at, I don't know, 30, 40 SIMs along the way because the deal, it did die a couple times. Right. There was some. There. There was some turbulence. And again, it took me 11 months to get it from the first day I saw it to.
To. To closing. But it. Yeah, first. First thing I looked at, first broker I reached out to and got the deal closed, so. And anything to say about those 11 months? There must have been quite a bit, actually, that you learned through that turbulence.
Yeah, I. I can do it again a lot faster and a lot better, I could tell you that. Right.
What did you do wrong the first time around? Well, I didn't have. And then one of the things that Sam's boot camp teaches you is, is to have a deal team in place.
Right. Have the right attorney, have the right banker.
Well, I wouldn't even say banker. I would find a capital advisor. Right. If you're really serious about buying a company, get a capital advisor.
That. And typically a capital advisor will have a whole briefcase full of. Of banks that they. That. That they use. It can get your deal to the right bank. Right. To get your deal closed.
And I was in a position where I want to say I got boxed into the bank I was using, but I probably could have found some better options when it came to actually financing the Deal. But I was so far down the rabbit hole with this bank that I, if I were to try to switch banks, it would, it would have killed the deal. Right. So deal team is important.
Right. You know, and when you say capital advisor, Brian, you mean like a loan broker, like an SBA loan broker? Like, like a loan, like someone that, that provides a service. Right, A loan broker that they can find the right bank for your deal?
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