But I talked to them. They talked to a few of their best offers and they just. We really hit it off.
Acquiring Minds
Hiring a CEO to Run Things (and Get Life Back)
Excerpts · 464 segments · ~1:49:11 long
Short excerpts only — hear the full conversation on the publisher's site.
They I'm a Christian, they're Christians. I think it became very clear that they had cared deeply about their employees and their customers over the years and they really wanted to find someone that they felt would do the same thing. And I hope I have. And I think that was important to them.
I was also, I think, young and eager and I think that caught their eye. I think their other main offer was from a sort of mid career exec type and something in that process made them choose me, which I'm very thankful for. And by the way, even though you were down in Denver and they're up in Fort Collins, that distance is how long?
It's about 70 miles. I'm south Denver. So depends on the time of day. It could be, I typically assume somewhere around three hours round trip.
They knew I was far, they knew I wasn't necessarily planning on moving there and that was okay with them. They were, by the time I had bought it, it had been around for 13 years. And the husband was sort of loosely involved as again still the mad scientist that knew the things and he could come in and help if someone had a technical issue.
But it was not his full time thing. And the wife, it was her full time job, but she was probably in the office less than 20 hours a week. She had young kids so she was running around taking calls from who knows where.
So I think they saw their lives and thought, you can probably figure this out from afar. Yeah, easier said than done. But I think that, yeah, it wasn't a hold up for them.
Right. Well, so Jeremy, just to go back to the numbers, so about $2 million of revenue. So $2 million of revenue for this. Very niche service in a relatively small market, just northern Colorado. It's really so interesting.
It's just one of those where if somebody pitched you on this business idea, Shark tank this, like we're going to grow this business and there's millions of dollars in, in this, in this service. Yeah. You would just raise your eyebrow. But yeah, here you are.
$2 million of revenue in Fort Collins, Colorado for people refinishing their cabinets.
Yeah. Great. And say more about what, what you liked about the business. Why did, why was this the one? Yeah, it's, it was one of those.
And I imagine you've scrolled biz by sell at some point over your time. Well, but it was one of those where as soon as you hit it. You could say that. Yeah. As soon as you see it hit the market, it just, it had enough boxes checked that you could tell it was going to be interesting to multiple people.
Want what comes before or after? Hear the full episode on the publisher's site ↗