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Hello SMB Deal Hunters!

📣 ICYMI: The waitlist is open for the February SMB Deal Hunter MBA cohort, our live 4-week business buying accelerator. Only 100 spots are available, so join the waitlist today.

Now onto regular business…

I’m excited to share a new interview with Eric Bauer, an acquisition entrepreneur who acquired a 35-year-old wholesale hat company, Turner Hat Company.

Previously, Eric worked for Amazon in retail, logistics, and grocery roles for 10 years.

Today's issue is sponsored by Somewhere, a headhunter agency that helps you hire an Executive Assistant for ~$1,500 per month.

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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? Apply to join SMB Deal Hunter Pro.

Here's what one member shared this past week:

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INTERVIEW

In the interview with Eric, we discuss:

  • What prompted Eric to leave a 10-year career at Amazon, where only 3-4% of his peers stayed that long

  • Why Eric abandoned his original idea of buying a business with $2M+ in EBITDA, instead purchasing a $2M business with $300-$400K in EBITDA

  • The unsuspecting clientele of a wholesale hat company

  • How Eric got comfortable buying a business out-of-state

  • How Eric diligenced vendor relationships, client relationships, and product inventory

  • The crazy story of Eric’s first visit to the warehouse

  • How Eric streamlined operations in the first year post-acquisition

  • And more!

👉 Watch the full 66-minute interview with Eric

PRESENTED BY SOMEWHERE

If you don’t have an executive assistant, you are the assistant.

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Kris ($11/hr), Shane ($9/hr), Dané ($10/hr) and Anton ($12/hr) are available to interview today.

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COMMUNITY PERKS

• 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!

-Helen Guo
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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.

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