Michael Girdley (@Girdley), Bill D’Alessandro (@BillDA), and Mills Snell (@thegeneralmills), we talk about an interesting deal on Wholesale of Premium Flooring Products in Texas. It is a real deal from one of our listeners and had a quick consultation on whether this deal is a good one or not. We talk about the deal’s consolidation, financials, margin compressions, and more.
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(00:00) - Introduction
(00:42) - Our sponsor is cloudbookkeeping.com
(02:09) - A Wholesale of Premium Flooring Products
(03:53) - Do we trust the stated financials?
(06:26) - Is this a Covid-fueled growth case?
(07:28) - Finding the competitive advantage of your business
(08:38) - Margin compression due to increased costs: What should you pay attention to when looking at financials?
(10:24) - What is the generational equity on this deal?
(12:38) - What is Bill’s strategy to acquire a risky business?
(14:44) - What is the red flag here?
(16:59) - Would we buy this? Yes. How?!
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