How to Buy a $13m Business with No PG, No Investors
Sale-leaseback and asset-based lending enabled Carlo Santelli to acquire and own 100% of a $3.5m EBITDA manufacturer.Topics in Carlo’s interview:Applying 3x to Columbia before getting inLeaving a finance career to buy a businessWhy he only buys proprietary, not through brokersMaintaining deal momentum when a seller is very busyThe power of asset-based lendingThe power of a successful sale leasebackBeing comfortable learning as you goHow he thinks about riskClosing on 4 businesses this yearHis ambitious goal for next yearReferences and how to contact Carlo:LinkedIncarlo.santelli@gmail.comCortina Capital PartnersGet a complimentary IT audit of your target business:Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcherGet a complementary pre-acquisition HR & PEO review for your target business:Contact mark@aspenhr.com or visit Aspen HRGet complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter