Trades Over Tech: Buying an Appliance Repair Business

He was, he did it all right. And he had some support. He had a part time person that was coming in and running parts for him and doing some of the parts management, but that was it.

So he was a gm, right? Yeah, he was a GM backhaul. You name it, he did everything went through him.

He was out in the field running calls. Oh. Oh wow. Okay. Yeah. So again I, with that setup, I didn't lose or I didn't have to scramble to learn as much about the business in a short period of time.

Right. Just what you want. Yeah, as long as I, and one of my criteria was, hey, who, who are the other techs? How senior are they and can they replace you seller in the field? Because he was the senior guy.

All the other techs, whenever they had issues or problems or concerns, they would raise those issues up to the seller from a technical perspective. Right? Yeah, yeah. And so I needed somebody to replace him and I identified two individuals in, in the business that, that, that were able to do that. And one of them has done that now.

So it actually it worked out well. So, yeah, it worked out. That was the only risk there was, was losing him in the field.

But in the back office, the gm, he was running the show and it allowed it. It allowed me to land softly into this new industry.

Yeah, well, I, I'm gonna want to return to that at that point when, when we, when we get there, but anything more so. And what was the business selling for? Let's get back to the transaction itself.

So half a million dollars of sde. What was it on sale? What was it selling for?

Well, it was 1.8. Okay. That's what it was on biz. By sell for originally, or that's what you ultimately bought it for?

That's what it was on sale for originally. And then you. I paid 1.64 for it. 1.64. Yep.