Michael Girdley (@Girdley), Bill D’Alessandro (@BillDA)) talk about an exciting deal today. It is a Home-Based Established Crime Scene Cleanup & Biohazard Decontamination Service.
The odd amount they asked for caught our attention first, but we soon figured out what it might mean. We talk about staffing this business, why it is good or bad that it is a franchise, and what the broker did to get the prize.
Company: Established Crime Scene Cleanup & Biohazard Decontamination
Location: Denver, CO
Gross Revenue $ 900,000 | EBITDA $ 400,000 | FF&E $ 70,000
Asking Price: $1,220,000
Thanks to our sponsors!
CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.
(00:00) - What’s going on in Bill’s business?
(01:36) - Deal & financials: Home-Based Established Crime Scene Cleanup & Biohazard Decontamination
(2:28) - Why are they asking a weird amount?
(7:06) - Best listing ever! Shoutout to the broker
(9:47) - Do we think it’s hard to staff this business?
(11:15) - What do we think about the Tech layoffs?
(12:48) - Mike’s classification of Riffs
(15:41) - How is this being a franchise so interesting for this business?
(21:11) - Are we sure we won’t be cleaning toilets if we buy this?
(24:30) - Why should we pay 3x earnings for this franchise?
Additional episodes you might enjoy:
#161 - How to spot red flags in eCommerce listings?
#160 - Should we buy this drag strip... for the land?
#159 - Make Millions Moving Dirt in Michigan
#158 - $1.2mm revenue Court Maintenance Company for Sale!
#157 - Make a $1mm/yr with a Language School