Joe FierHead of Builds, Delphi · Scaling expert knowledge with AI

Buying a $2M Roofing Company!

Name: Buying a $2M Roofing Company!
Uploaded: 2024-12-13T00:27:23+00:00
Duration: 15 s
Channel: Joe Fier
Description: Transcript of a YouTube conversation (hosts: Joe Fier and another speaker) about acquiring a roofing company valued at $2,000,000 with $400,000 take‑home…

13 Dec 2024 · 0 min

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Transcript of a YouTube conversation (hosts: Joe Fier and another speaker) about acquiring a roofing company valued at $2,000,000 with $400,000 take‑home profit. The buyer plans to invest $200,000 as capital partner while another person will operate the business; discussion centers on acquisition barriers, deal structure, negotiation, and due diligence.

We got a roofing company under contract for 2 million and it's got $400,000 of take home profit. So we're buying it at about a 5x multiple. And right now we're in negotiations and diligence with them. And if it works, I'm going to put $200,000 down and I'm going to be the capital partner. Somebody else is going to run it.
There you go. What's like, was there a big aha moment on. On the acquisition side of things? So it's like on your first deal, like what, what, what was like the barriers, maybe the things that were preventing you from taking that action and then like how to get through it and maybe some common things you would tell others, like seeing the same thing.
I've got.
A massive aha moment for you.