How to 4x a Contracting Business in 3 Years
Mike Heath bought a garage door installer from owners who didn't use email. He grew sales fast, but profits came harder.Topics in Michael’s interview:Passing on a commercial cleaning businessAcquiring a garage door business with silent partnersInstalling an operator on day oneMessy, unkempt books from the sellerHitting a cashflow crisisBringing in a consultant and keeping her on full-timePaying off the SBA loan earlyDoubling their gross marginSplitting revenue across 3 partnersAcquiring 2 pool businessesReferences and how to contact Michael:LinkedInStateline Products of MissouriFlorida Pool and SpaPool King RecreationGet a free review of your books & financial ops from System Six (a $500 value):Book a call with Tim or email hello@systemsix.com and mention Acquiring MindsLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabWork with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:Matthias Smith of Pioneer Capital AdvisoryConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter