Buying Then Losing a $2.1m HVAC Business
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Narrated by:
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Summary
Dan Burnside thought he got a great deal on an $800k SDE business. Instead he'd bought bad faith and years of struggle.
Register for the webinar:
- Add-Ons and Carve-Outs: How to Get Banks on Board - TODAY!! - https://bit.ly/4sO0MAt
Topics in Dan’s interview:
- Buying in a small, rural area
- Discovering seller fraud after acquisition
- Key employee leaves and starts competing business
- Working to integrate himself into the community
- HVAC techs resisted technology changes
- Wife and kids unhappy in the new place
- Getting his Master Mechanical Contractor license
- Customers not paying their invoices
- Hiring challenges in rural areas
- Bankruptcy and his new AI venture
References and how to contact Dan:
- Jan Roll on Acquiring Minds: 21 Months to Stability Buying a $1.2m SDE Business
Get complimentary due diligence on your acquisition's insurance & benefits program:
- Oberle Risk Strategies - Search Fund Team
Get a free review of your books & financial ops from System Six (a $500 value):
- Book a call with Tim or hello@systemsix.com and mention Acquiring Minds
The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business:
- The Acquisition Lab
Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
Edited by Anton Rohozov and produced by Pam Cameron
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