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  • šŸŽ™ļøHe bought a $1.3M business with just $15k (here's how)

šŸŽ™ļøHe bought a $1.3M business with just $15k (here's how)

The story of how Andres Martínez bought a business at 25 with no prior experience

Hello SMB Deal Hunters!

I’m very excited to share this week’s interview with Andres Martinez.

At some points his story is nearly unbelievable. Here are just a few snippets from his interview…

šŸ”„ He bought a $1.3M auto body shop making about $500k in EBITDA with 1% down. Yes, you read that right. $15,000 down for a $1.3M deal.

šŸ”„ He came from Mexico in 2021, with no house for collateral, no real job, and bought his first business at 25. (Even when the bankers told him he was too young and denied him at first)

šŸ”„ He had dropped out of college and had failed at multiple businesses, mainly food trucks, leading up to his first big acquisition.

And after all of those obstacles?…

šŸš€ He is already on his way to buying his 2nd and 3rd companies in the Auto Body and Automation niches.

Here’s his must-watch story…

And some of the juiciest quotes and questions from our conversation…

ā‰ļø What are the pros and cons of the auto body industry and is it good for acquisitions?

ā‰ļø How are you guys acquiring customers now that you’ve transitioned the business?

ā‰ļø What are some of the new deals you’ve been looking at that are exciting?

And hilarious moments like Andres explaining how little he knew about cars before taking over…

I'll be honest with you, Helen, I didn't know anything about cars. Like, I didn't know what a fender was, what a bumper was, what a hood was….

- Andres

COMMUNITY WINS

Here’s what one SMB Deal Hunter Pro member shared this past week:

Want me and my team to work with you to find, finance, and acquire a million-dollar cash-flowing business in the next 6-12 months?

COMMUNITY PERKS

• Ready to buy and operate a $1M+ business? Get expert help at every step.

• Want to invest passively in SMB acquisitions? Get access to investment opportunities.

• Get a personal introduction to my preferred SBA 7(a) lender, non-SBA lenders, Quality of Earnings providers, or legal counsel

• Raising capital for your deal? I’ll connect you with investors from the SMB Deal Hunter Community.

• Interested in selling your business? I’ll help you connect with buyers from the SMB Deal Hunter Community.

THAT’S A WRAP

Want me to interview you for my podcast? Hit reply.

See you tomorrow with some new deals!

P.S. I'd love your feedback. Tap the poll below or reply to this email.

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Disclaimer

This publication is a newsletter only and the information provided herein is the opinion of our editors and writers only. Any transaction or opportunity of any kind is provided for information only; SMB Deal Hunter does not verify nor confirm information. SMB Deal Hunter is not making any offer to readers to participate in any transaction or opportunity described herein.