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New Podcast: How This Tech Startup Advisor Acquired A Window Washing Business

An interview with Andrew Stern

Today's Sponsor

Hello SMB Deal Hunters!

I’m excited to share a new interview with Andrew Stern, a tech startup advisor who recently acquired a commercial window-washing business.

Fun fact: Andrew found the business through the SMB Deal Hunter newsletter!

Today's issue is sponsored by SMB Diligence, the platform I helped start for matching business buyers with vetted legal counsel and Quality of Earnings providers.

WORK WITH ME

Want me to work with you to source on and off-market deals, mentor you through closing your first acquisition, and introduce you to investors?

INTERVIEW

In the interview with Andrew, we discuss:

  • What stood out to Andrew about the commercial window-washing niche

  • How Andrew structured the deal with a carve-out instead of a seller note

  • Andrew’s unusual experience with the SBA process

  • How Andrew creatively structured a deal with equity investors to help him with the 10% down payment for the SBA loan

  • How Andrew manages the business remotely from out of state (he’s in Florida, and the business is in Washington State)

And more!

PRESENTED BY SMB DILIGENCE

Here’s Why You Shouldn’t Skip Due Diligence…

A friend of mine put a business under LOI and asked me for my advice.

I recommended he contract a 3rd party due diligence partner to rebuild the company's P&L from scratch.

Turns out their EBITDA was off by 2x 😳

SMB Diligence is the platform I helped start for matching business buyers with vetted diligence providers, from M&A lawyers to Quality of Earnings providers.

Their network of experts has worked on hundreds of small business transactions (including many from the SMB Deal Hunter community).

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!

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.