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Acquiring Minds

How to Buy a Seasonal Biz: Buy Another for Low Season

18 Oct 2022

Description

Andrew Harbin first bought an awning business, then bought a fencing franchise to keep his crew working through summer. Topics in Andrew's interview:Should you buy a seasonal business?Buying a second business to offset seasonality of first businessTwitter thread that opened his eyes to building wealth by buying  a businessBuying a business that is for sale by ownerRevenue + SDE of the awning business he acquiredGrowth he's achieved in first years of ownershipHow the awning business works (revenue sources, staffing, org chart)Buying a $300-400k SDE businessWhy hiring temps for seasonal businesses is unappealingFencing business: buying vs. starting from scratch vs. starting a franchisePros/cons of franchisesBig Jerry's fencing franchiseTips for entrepreneurs considering buying a fencing businessNature of stress in SMB vs. corporateLoneliness of being a small business ownerLinks & how to reach Andrew:Twitter thread that turned Andrew on to buying a businessVenango AwningBig Jerry's Fencing@ADHarbinGet complimentary due diligence on your acquisition's insurance & benefits program:Oberle Risk Strategies - Search Fund TeamLearn more about Walker Deibel's done-with-you buy-side advisory:The Acquisition LabConnect with Acquiring Minds:YouTube channel (easy access to all past + future interviews)Connect with host Will Smith on LinkedInFollow Will on Twitter

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