Dan Spracklin acquired a septic pumping business doing $1M annually, then grew it to $3M and margins to 30% in 2 years.Key points from Dan's story:Gray Brothers was a septic pumping business founded in 1929, run by Dan Spracklin's father-in-law.It was generating about $1m per year in revenues from 22,000 customers. Septic pumping companies typically have margins of 10-15%.Dan & his wife added adjacent septic services to Gray Brothers and improved operations. Within 2 years, they'd pushed revenues to $3m and margins to 30-35%.Septic pumping is a great lifestyle business for existing owners: low customer churn, high barriers to entry, recession proof.It's difficult for entrepreneurs to start a new pumping businesses, so best to buy out a retiring owner if you can find one.Reach Dan Spracklin at:@DanSpracklinGray Brothers, his septic companySoMax Circular Solutions, the sewage conversion offshoot LinkedInOfficial episode page & full show notes at AcquiringMinds.co:Buy a Septic Business & Make $3m ARR
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