🎙️This Software Engineer bought a $3.2M business with a baby on the way

Hello SMB Deal Hunters!

I’m very excited to share this week’s interview with Kofi Acheampong.

Kofi’s interview is unique because he actually went through our Pro program and bought a Home Restoration business cash-flowing $715k+ / year in a record 5 months.

But this interview goes a lot deeper into…

💡 How Kofi actually launched a software startup that got to #3 on Product Hunt - and how he walked away when his wife got pregnant and he had no health insurance.

💡 How he bought his $3.2M business with only 5% down and 8 months later, he’s already under LOI on a second deal with 67% seller financing.

💡 How he succeeded in buying the business after 6-7 other people had already tried and failed (including the current GM…who also happened to be the seller’s son-in-law)

Here’s his must-watch story…

And some of the juiciest lessons…

⁉️ Kofi was able to grow his first business from $4.2M in revenue to $5M (with two major tweaks)

⁉️ He also had to fire his General Manager within 30 days of taking over (and was still able to keep growing the business)

And the interview is jam packed with honest reflections on the process of business ownership like…

👉️ Dive into the story with Kofi Acheampong

COMMUNITY WINS

This week’s SMB Deal Hunter Pro community win is also special, because Kofi was actually pivotal in helping make it happen:

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?

👉️ Learn more and book a call

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!

-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.