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Buying a Remote, 20-Year-Old Business with $900k of SDE

Buying a Remote, 20-Year-Old Business with $900k of SDE

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Dan Angel knew he wanted to buy this B2B travel company with $3m top line. But the sale would shock the key number-two.

Topics in Dan Angel’s interview:

  • Leaving his dream career at a hedge fund
  • Coming in a little too hot as the new owner
  • Adding 3 offshore employees
  • Growth isn’t free
  • Running a fully remote team
  • Trying to change the world by 9:00 am

Topics in Jayme Moylan’s interview:

  • Her 15 years working for Lodging Source
  • Being blindsided by the acquisition
  • Uncertainty over who to answer to while the seller was still there
  • Figuring out how to interact with Dan

References and how to contact Dan and Jayme:

  • Dan Angel LinkedIn
  • Jayme Moylan LinkedIn
  • Lodging Source
  • Self-Funded Search vs Traditional Search Funds
  • Sam Rosati on Acquiring Minds discussing Big 3, Little 2: How to Shorten Your Search to Buy a Business
  • Chris Williams on Acquiring Minds: System Six: One Year Update

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

Learn more about Walker Deibel's done-with-you buy-side advisory:

  • The Acquisition Lab

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

  • Oberle Risk Strategies - Search Fund Team

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

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