And it's a great baseline and, and in fact in the lower middle market there are a lot of opportunities like that. And so it sounds like you, you kind of, I'm sure You did have, you saw all kinds of opportunity to, to do more with the business. But that was your threshold and it passed that threshold.
Acquiring Minds
So Much Fun: The Buyer of Choice in a Fragmented Industry
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You're going to give me too much credit. I don't even know that.
I did have a ton of vision on what else to do. I, I'm not like a terribly innovative, like bright guy. I was just like I, I' and execute and just, you know, keep doing what they've been doing and stay out of the way.
And, and, and as we'll get into, there were some like deviations from that where we did undertake some different growth strategies. But I think it would have worked even if we had just done that. As you, as you say, if you.
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Check out oberle-risk.com that's o b e r l e-risk.com link in the notes. Mark I am a father with kids in daycare. To be clear, we're talking about daycares here, people, little daycare centers where I don't know what 30 to 60 kids are in, you know, in a, in a, in the four walls sort of thing.
You know what the average actually for us was about 140. Oh, so that's a, that's a big daycare, is it not? Yeah, and, and we had some as small as like 30, 40, 50, for sure.
We had some actually above 200, if you can believe that. Oh wow. But really, you know, as we started being more programmatic about what we were building, the sweet spot was. Yeah, about 140. Licensed for 140. So in the building at any given time you might have 120.
Okay, okay. So these would be what, what we would call a daycare center as to, as opposed to like a mom and pop, which is like where my kids are there, where it's just like 30 to 40 kids in a really small space or relatively smaller space. So this is this is a daycare business. Daycare business at scale.
What about the obvious, the liability, the emotional charge as, as you put it to me on the pre call of, of dealing with parents most precious asset. I mean woe to the, to the poor ladies who take care of my children. Exactly. And now by the way, I could also talk about the dog daycare business and how people are I think being similarly protective of their, of their pet children so heavily,…
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