How to Buy a $2.5m Home Care Business | Morgan McCauley Interview

Morgan McCauley was starting to desire more control over his own destiny than a career in W-2's would afford him, and he wanted to move back to his native South Florida. So when he discovered search while living in San Francisco, it was a light bulb moment. Buying a business in South Florida would give him the extreme ownership he desired, in the place he desired. Flash forward, and today Morgan owns Helios Home Health, a $3.5m home care business in Palm Beach County. He bought it as a self-funded searcher, no investors. ❤️ Enjoy this interview? SUBSCRIBE for more: https://bit.ly/42hLnN0 Chapters: 00:00:00. Morgan’s background in finance 00:07:38. Morgan describes working in a family office 00:11:51. Morgan learns about Search 00:18:30. Morgan partners with his friend Pete 00:21:37. Pete drops out of the search 00:24:49. Deciding against traditional search 00:35:05. Morgan’s walks away from a deal 00:43:33. Morgan decides against having investors 00:49:23. Morgan finds a home care business 00:52:44. Description of the business Morgan bought 01:03:42. Cash flow scare with Medicaid reimbursements 01:08:39. Growth and scalability of the acquired business 01:13:48. Explaining different types of home care 01:17:17. Why Robert Graham didn’t like the deal 01: 21:48. Challenges of breaking through the growth ceiling 01:28:18. Morgan’s plan for growth 01:36:43. The industry's mission-oriented nature 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. #business #acquisitions #homecarebusiness