How to Buy a $20m Business as a First-Timer

When Alan Turkus found a business with a mission, he knew he'd found the right fit for the final chapter of his career.

Topics in Alan’s interview:

• Background in book publishing
• Post-MBA career in tech
• Taking a career break to raise his son
• From co-op cashier to co-CEO
• Seeking security through business ownership
• Acquiring a home health and hospice franchise
• Raising equity from search investors
• Retaining a little over 50% ownership
• Structuring with 2 forgivable seller notes
• The advantage of buying a bigger business

References and how to contact Alan:

• LinkedIn
• Interim Healthcare of Twin Cities
• Elliott Edge on Acquiring Minds: 1 Business vs Many: Deciding to Roll Up
• Grant Hensel of Entrepreneurial Capital
• Jacob Hall of Kando Capital
• PROX Capital Group

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 and produced by Pam Cameron