Aug 2 in General discussion
Just wrapped up a chat with Kevin, a sales exec turned fireplace business owner
He just bought a $3.1M revenue fireplace company.
Here’s his story:
Meet Kevin. Kevin has a strong sales background but craved something more hands-on. After COVID, he noticed a surge in home improvement projects and decided to dive into the fireplace industry.
Kevin started working with acquisitions.com to find the right deal. It wasn’t easy – finding the perfect business took time and persistence. He spoke with countless brokers and owners, perfecting his pitch along the way.
He finally closed a deal on a fireplace business with $3.1M in revenue. The negotiation was smooth, with Kevin offering a fair price and structuring the deal with the seller holding back some paper to help with the SBA loan.
Why this business? The previous owner was burned out and eager to sell. Kevin saw the potential for growth through improved systems and better leadership.
Kevin's strategy? Streamline operations and empower employees to make decisions. He’s introducing new software and processes to boost efficiency and plans to bring in new talent to replace retiring employees.
Kevin’s tips:
- Take action, even if it’s not the perfect deal.
- Leverage your background and experience to identify and fix issues.
- Build a strong network of brokers, bankers, and advisors.
- Stick to a morning routine to stay focused and motivated.
Kevin’s journey shows the power of persistence and strategic planning. His transition from sales exec to fireplace business owner is truly inspiring.
Want the full story? I just dropped the full interview with Kevin in my newsletter. We touch on:
- How Kevin financed his acquisition
- How he managed the business transition
- The challenges and rewards of his journey
- And more.
Comment “Kevin” and I’ll send you the link.
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Just wrapped up a chat with Kevin, a sales exec turned fireplace business owner
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