Buying Then Losing a $2.1m HVAC Business cover art

Buying Then Losing a $2.1m HVAC Business

Buying Then Losing a $2.1m HVAC Business

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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:

  • LinkedIn
  • 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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