From €4 Million, to Zero, to €12 Million

Despite skepticism from her US investors, Ivona Butcher bought (and tripled) a business in her native Czech Republic.

Topics in Ivona’s interview:

• Doing business in a post-Soviet culture
• Determination to acquire in the Czech Republic
• Buying a business as a married couple
• Getting into exhibition services right before Covid
• Losing all revenue at onset of Covid
• Pivoting to virtual events
• Finding work for their carpenters and metalsmiths
• Aggressively re-negotiating their loan with the bank
• Buying back the seller note at a huge discount
• Surviving Covid and doubling EBITDA

References and how to contact Ivona:

• Ivona Butcher
• Corbin Butcher
• Beire
• Adam Rao on Acquiring Minds: Reviving a Covid-Crushed Business: $0 to $6M in 3 Years

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

• Oberle Risk Strategies - Search Fund Team

Get a free review of your books & financial ops from System Six (a $500 value):

• Book a call with Tim or hello@systemsix.com and mention Acquiring Minds

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