“You only need one deal. I could lose everything else, and this one business will still give me a very comfortable lifestyle.”
That’s what Evan told me after closing on a $1.6M janitorial company (while keeping his management consulting job).
I shared Evan’s full deal breakdown with you on Monday.
Today, I’m sharing our complete video interview where he walks through his journey from Airbnb side hustles to business ownership.
(Evan got support from the Acquisition Ace community throughout his process, from learning how to structure financing to staying motivated through delays. If you’d like a helping hand on your journey to acquire a business, book a call with our team here.)
3 Key Takeaways from Our Conversation:
1. You don’t need industry experience
Evan had zero janitorial experience but still closed on a $1.6M commercial cleaning business by demonstrating business acumen and securing strong financing.
2. Creative financing unlocks bigger deals
By structuring a 5% seller note on 2-year standby, Evan reduced his down payment from 10% to just 5%, putting only $80K down on a $1.6M deal.
3. Resilience beats perfection
Evan faced a 6-month IRS delay and lost another deal two weeks before closing.
He stayed consistent anyway and closed on a business generating $200K-$300K annually.
This Week's Action Item:
Reach out to one SBA lender this week and ask about their requirements for a business acquisition loan…
And get pre-qualified so you know exactly what you can afford.
Watch the full interview with Evan here.
P.S. Evan went from never hearing about business acquisitions to closing a $1.6M deal in under a year.
The Acquisition Ace community for giving him the structure, accountability, and guidance he needed to move fast.
If you want that kind of support…
👉 Schedule a call with our team here to see how Acquisition Ace could help you close your first deal.
