This Week’s Business Buyer (in 10 Seconds):
Jeremy is a former Amazon, Xerox, and Toyota leader who got laid off 3 weeks before his deal finally closed.
He beat four private equity firms to win it.
And he wasn't even close to the highest bidder.
Today, the business cash flows $1.32M / year.
But if you want to learn a bit more, let’s dive into the story…
Hello SMB Deal Hunters!
How many of you feel like your job could disappear tomorrow?
Maybe it's the layoffs that already swept through your team. Maybe it's the AI rollout that nobody wants to talk about. Either way, you can feel it.
Jeremy didn't just sense it coming. He watched his entire division get laid off (but we’ll get to that).
He'd spent his career at Amazon, Xerox, Toyota, and growing two companies from under $4 million to nearly $90 million combined. But always for someone else.
Today, he owns a $4.5 million home automation company that cash flows $1.32M/yr
He bought it at a 3.4x multiple in one of the fastest growing home service industries in the country.
He beat four private equity firms to win it, and he came in $1.5M under the highest offer.
The sellers received 128 NDAs and 18 offers before choosing him. Our advisors helped him pull it off.
Jeremy originally joined SMB Deal Hunter Pro after spending months trying to buy a business on his own.
As a quick reminder, SMB Deal Hunter Pro is our business buying accelerator where we help you find, finance, and acquire a business in 6-12 months...or work with you for free until you do.
After a few broken deals, he bought his business with ONLY 5% down.
We helped Jeremy convince the seller to accept a 10 year standby on one of 3 seller notes so it could count towards the down payment.
Jeremy says it may be the best sales job of his 25-year career.
To make it even more harrowing, he closed only three weeks after losing his job.
His entire division got cut on February 2nd. He closed on February 24th. We helped him keep the deal alive when the SBA loan was about to fall apart.
The company he bought is the dominant home automation business in Tampa, with 984 five-star Google reviews.
Founded 15 years ago. The next closest competitor has 126 reviews.
Here's why this week's alumni interview is a must watch:
→ Jeremy bought a $4.5M business with 5% down using three different seller's notes. We break down the exact structure.
→ He lost his job 22 days before the deal was supposed to close. We walk through how he saved the SBA loan from collapsing and still closed three weeks later.
→ Jeremy told us he had "imposter syndrome times a thousand" when he started searching. We talk about how he went from that to running the dominant home automation company in Tampa.
→ He beat four PE firms despite not being close to the highest bidder. We get into exactly what he said in the seller interviews that flipped the room.
"There's no way I do this on my own. You can think you're going to use AI. I came from two AI companies. I'm an early adopter. I know how to use it, know how to max it. It's just so much faster and easier and smarter to work with a group."
Jeremy leaned on our battle-tested deal team to help him...
Create the deal structure that let him buy a his business with only 5% down
Talk him off the ledge during due diligence when he was certain his deal was falling apart.
Break down every new SBA rule change in real time so he could adjust his offer instantly
Get introduced to the lender, attorney, and QofE provider who walked him through close
Talk soon,
Helen Guo
P.S. Jeremy's biggest regret? Waiting too long to lean on our team. His words: "Don't do what I did and keep thinking you're not ready. Just give yourself permission to learn on the fly and know the advisors absolutely have your back."
P.P.S. He walked in with "imposter syndrome times a thousand." His own words. Today, he runs the dominant home automation company in Tampa. Here's what he says about how he got there: "There's no way I do this on my own." 👉 book a call here.