A Business Growth Story

Transcript

Andy and Jessica welcome you to another episode of The Deal Board Podcast. This week, they are joined by an amazing young couple who share their inspiring entrepreneurial journey, hoping to motivate others to follow their dreams and pursue their business goals. A genuinely inspiring business story filled with actionable advice.

Listing of the week: Iain Mackie (Vancouver, Washington) is selling a truck-mounted heavy equipment manufacturer. The company offers three designs, which he owns. This business can provide road maintenance to anyone. This company needs an investment in marketing to scale its profits. Asking price $680,000. Email Iani at [email protected] or call (360) 921- 8942

Key Takeaways

[1:29] Sam and Ray Taylor are recurrent Transworld clients; they grew and brought each company they owned to the next level.

[10:00] Deal of the week: Solomon Padilla (Atlanta Peachtree) just closed an excellent deal on a healthcare company. The selling process took 14 months to work on some challenging matters, including the IRS, two banks, and six attorneys. The buyer had a business in the same industry. The asking price was $2.7 million, and the selling price was $3 million.

[15:26] Sam and Ray Taylor join Andrew.

[15:49] Ray shares how their entrepreneurial career started.

[16:57] What was Ray’s first business? A lawn maintenance company that started during his teen years.

[18:01] Ray describes how they sold their first business.

[20:30] Sam is really the secret weapon!

[21:05] How did they build their second business?

[24:50] When Ray no longer feels challenged, he moves on to the next business, which is why he is commonly known as a serial entrepreneur.

[26:54] One year later, they sold their Tree Business for $1.6 million (3 and ½ years ago).

[27:44] They recently sold a site development company for $ 3.5 million.

[30:05] The most crucial aspect is that Sam and Ray kept close contact with their business broker, John, throughout the years, doing business evaluations along the way.

[32:09] Sam and Ray advise those starting their own business.

[35:27] Your business broker will remain with you during the deal transition and after the closing; this relationship really matters.

[36:59] Listing of the week: Iain Mackie (Vancouver, Washington) is selling a truck-mounted heavy equipment manufacturer. The company offers three designs, which he owns. This business can provide road maintenance to anyone. This company needs an investment in marketing in order to really scale its profits. Asking price $680,000. Email Iain at [email protected] or call (360) 921- 8942.

Call us — (888) 719-9098
Email us [email protected]

Call Solomon Padilla at (770)766 9855.

Email Iain Mackie at [email protected] or call (360) 921- 8942.

Mentioned in This Episode

• The Deal Board Podcast
• Subscribe to The Deal Board Podcast YouTube Channel
• The Deal Board on LinkedIn
• The Deal Board on Facebook
• Transworld Business Advisors
• Transworld Business Advisors on LinkedIn
• United Franchise Group
• Starpoint Brands