Buy, Grow, Exit for a 24x Return in 3.5 Years | Chris Edwards Interview

A guest from one of the earliest Acquiring Minds episodes has completed the cycle. Starting as a corporate refugee at age 30, Chris Edwards bought a flooring business in a small Colorado mountain town. Chris endured the exuberant highs and stomach-churning lows of business ownership for three and a half years. Last year he decided to put the business back on the market, having doubled EBITDA and grown revenue 50%. He found a buyer, sold it, and as of recording has completed his transition commitments as seller. The journey with this business, his first, has officially come to a close. And today we hear all about it. Here he is, former owner of Affordable Flooring in Steamboat Springs, Colorado, Chris Edwards. ❤️ Enjoy this interview? SUBSCRIBE for more: https://bit.ly/42hLnN0 00:00:00. Chris’s history at Affordable Flooring 00:04:50. Why he decided to sell the business 00:10:37. HIs doubts about hiring an operator 00:14:27. Who he sold to 00:21:20. The holdco fantasy 00:27:35. Speculation about the future 00:32:05. ROI and sale details 00:36:33. Hardest moments of ownership 00:44:45. Possibly starting a business next 00:50:11. Learning and operating the business CONNECT with the Acquiring Minds podcast, socials, etc. 🎧 Podcast on Spotify: https://open.spotify.com/show/2vZrl0u... 🎧 Podcast on Apple: https://podcasts.apple.com/us/podcast... 👉 Get notified of new interviews: https://acquiringminds.co 👉 Follow host Will Smith on Twitter:   / whentheresawill   👉 Connect with host Will Smith on LinkedIn:   / willsmithsf   ABOUT Acquiring Minds Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week. Credits: Edited by Anton Rohozov Produced by Pam Cameron #business #acquisitions #buyingbusiness