About this episode
Mike Yarmo bought a struggling distributor & turned it into a local powerhouse in a different niche — then sold for 5x.Key points from Mike's acquisition:Owner was disengaged, retiring, and looking to sell his food distribution companyCompany was 25 years old but had terrible marginsMike & team acquired for low 7 figures, or ~2x earningsPivoted the company, grew aggressively over next few yearsSold 5 years later for 5x earnings, and 5x original acquisition priceReach Mike Yarmo:On Twitter: @michaelyarmoSubscribe to his newsletterOfficial episode page & full show notes at AcquiringMinds.co:How to Buy a $2m Dying Business Then Sell It for 5X
Topics
entrepreneurshipentrepreneuronline businessSMBacquireacquisition