❇️ New Podcast Episode

How this former investment banker acquired a dairy testing lab in CA

Hello SMB Deal Hunters!

🥁 I have some exciting news to share…

My new podcast interviewing successful acquisition entrepreneurs has been such a hit (thanks for all your great feedback!), that I’ve decided to start releasing new episodes every Wednesday.

Today, I’m excited to share a new interview with acquisition entrepreneur Cody Agee, a former investment banker who acquired a dairy testing lab in California after a 13-month search process.

Cody’s original plan was to pursue a search fund after getting his MBA, but after getting waitlisted by Harvard Business School 2x, he decided to take matters into his own hands and pursue a self-funded search instead.

In the interview, we discuss:

  • How Cody decided between a self-funded search vs. a traditional search fund

  • The KPI he set to keep himself accountable during the search process

  • Why he bought the real estate with the business (and how he financed the transaction with an SBA loan)

  • What attracted him to the food testing lab industry

  • How he got comfortable with a client concentration risk

  • How a Quality of Earnings (QoE) helped him renegotiate the terms of the deal

  • What the first 3 months post-close looked like

  • The 5 initiatives Cody's now focused on to grow the business

And more!

See you tomorrow with some new deals!

P.S. Whenever you’re ready, here are a few ways for us to work together:

1. Want me to help you find a business to buy in the next 90 days and handhold you through closing your first deal? Apply to work with me.

2. Invest with me in cash-flowing SMB deals. I’m bringing on a select few investors from this community into businesses I’m buying and investing in.

3. Raising money for your deal? I’ll connect you with investors from the SMB Deal Hunter Community.

4. Join my mastermind community of 280+ elite business buyers to get support on your deals and meet fellow entrepreneurs on the same journey.

5. Interested in selling your business? I’ll help you connect with buyers from the SMB Deal Hunter Community.

6. Want to promote your business to my community of 60,000+ entrepreneurs and investors? Advertise in SMB Deal Hunter

Disclaimer

This publication is a newsletter only and the information provided herein is the opinion of our editors and writers only. Any transaction or opportunity of any kind is provided for information only; SMB Deal Hunter does not verify nor confirm information. SMB Deal Hunter is not making any offer to readers to participate in any transaction or opportunity described herein.