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
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Show Notes:
(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?
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