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Acquiring Minds

High Margin & Big Upside in Lice Treatment

25 Nov 2024

Description

Derek Croft bought a $1m SDE business with a national footprint in an unusual niche. Just don't call him The Lice King.Topics in Derek’s interview:Leaving Bain to search for a businessAcquiring LiceDoctorsWhy it’s good for a profitable business to be imperfect Personal satisfaction from helping customersPayroll emergency on day 2Competition in the lice removal industryHigh staff turnover despite good paySpeeding up their response timeRaising public awareness of their serviceHis goal to double in 5 yearsReferences and how to contact Derek:LinkedInLiceDoctorsETA CircleWork with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:Matthias Smith of Pioneer Capital AdvisoryGet a complimentary IT audit of your target business:Email Nick Akers at [email protected], and tell him you’re a searcherLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with Acquiring Minds:See past + future interviews on the YouTube channelConnect with host Will Smith on LinkedInFollow Will on Twitter

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