A Dog Dental Care Business! - Acquisitions Anonymous Episode 104

Michael Girdley (@Girdley) and Bill D’Alessandro (@BillDA), and Mills Snell (@thegeneralmills) are joined by Peter Wirtshafter (@PeterWirt) to discuss 2 Deals: A dog teeth cleaning business and a Radon business. Peter has a background in sales which made the exchange interesting since his approach lets him evaluate potential growth opportunities based on his current skills.-----Thanks to our sponsors!* CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.-----* Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.* Do you enjoy our content? Rate our show!* Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.-----Show Notes:(0:00) - Intro(0:57) - Cloudbookkeeping.com(2:18) - Peter’s story and background in sales & operations(5:00) - How does your sales background affect your SMB search?(8:27) - What common mistakes do you see in the process of acquiring a business? How do you evaluate the potential of a company?(10:00) - Deal 1: A dog dental cleaning business(13:07) - Challenges that we can foresee through the listing?(14:30) - The channel partner acquisition strategy: Leverage your network into new customers(16:40) - Is it capital intensive? What is the competitive advantage of this?(20:15) - How is our read on the niche? What makes this an interesting business?(23:26) - How do you think of the operational side of the business? What risks should we think of?(30:00) - How do you think about the business size, and your risk profile?(34:35) - What are you paying for here? What do we think about the price?(39:50) - Deal 2: A Radon service business for sale(44:25) - How do we think about it? What should we ask the seller?(48:25) - What is wrong with the price? (53:40) - What should you be asking yourself when looking at this business?-----Additional episodes you might enjoy:#96 From W-2 to Business Owner - Patrick Dichter tells us how to cold reach seller and we discuss 2 Deals#92 Wait... what? You laid-off 90% of your staff?!? - Pete Erickson joined us for an exciting WarStories episode!#Subscribe to weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking here Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations. For inquiries or suggestions, email us at [email protected]

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