Buying for $600k, Selling for $35m

Jake Bittner bought an unprofitable carve-out doing $3m. A key pivot grew revenue to $20m and got the attention of PE.

Register for the webinar: 

• How to Run the SBA Deal Race - Dec 4th - https://bit.ly/44whqv6

Topics in Jake’s interview:

• Building a nest egg before leaving his job
• Fallout from his father’s failed businesses
• Calculating the value of a business losing money
• Disliking the bureaucracy of large companies
• Joining his friend to run a distressed company
• Employee war stories
• Changing the service they offered
• Achieving 60% margins 
• Boosting customer retention
• Selling the company for 11x earnings

References and how to contact Jake:

• LinkedIn
• Mission Support Partners

Get complimentary due diligence on your acquisition's insurance & benefits program:

• Oberle Risk Strategies - Search Fund Team

Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

• Pioneer Capital Advisory

Get a complimentary IT audit of your target business:

• Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher

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
Produced by Pam Cameron