Hiding in Plain Sight on BizBuySell $800k SDE for 2x | Joseph Ziolkowski Interview

Like many of you, Joe was checking BizBuySell daily, not seeing many interesting businesses come up for sale. He finally decided to relax his filters a little, and look not just at the new stuff, but the old stuff, the listings that had been sitting for a while. And that is the origin of his ownership of Woodland Face Veneer. Woodland Face is a manufacturer with $11m in sales and $800k-ish in SDE. Sale price? $1.5m. That's less than 2x for a mature, sizable business, with an SDE level that self-funded searchers all seek. Now, there is some customer concentration to this business. It's in a very small town. But those are relatively minor when you consider Joe's entry point into this 8-figure manufacturing business. I wish us all similar good fortune. Here is Joe Ziolkowski, owner of Woodland Face Veneer. ❤️ Enjoy this interview? SUBSCRIBE for more: https://bit.ly/42hLnN0 Chapters: 00:00 Joe's background 06:52 Starting the search for a business 15:11 Acquiring the restoration business 24:37 Understanding the restoration industry 34:10 Advice for other searchers 42:25 Preparing for the next venture 49:21 Details of the manufacturing process 58:57 Customer concentration concerns 01:08:40 Learning from the previous owner 01:20:27 Day-to-day operations and management 01:28:47 Final thoughts and advice 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