Oct 21
Small deals are the advantage
I've rolled up 36 auto repair franchises in 10 years. How? Lots of small deals Almost every purchase was from an owner/operator I was buying their job, so the valuation was low I bought for 1X earnings, 2-3X, and the most was 4-5X. I got seller financing on almost every deal that I wanted, then I rolled profits into buying more But here’s the challenge: small deal takes the same amount of effort as a large one, if not more! I spent 3 years and $15k in legal fees on a 1-unit deal in Philly The...
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