How to Buy 40 Businesses in 4 Years | Jeff Homer Interview

Dana V. Music was a little music school outside Denver. 15 part-time teachers seeing 250 kids a week. The business brought in $500k/yr in revenue. So, small. And today's guest Jeff Homer bought it — but not necessarily with grand ambitions. It seemed fun, low risk, and different than the cerebral spreadsheet-powered world of his professional life. Well, he quickly found 2 two things as new owner: 1) He loved being at the school, and he wanted to spend more time there. 2) A few operational tweaks resulted in material, immediate improvements to the business. A roll-up was born. This is the story of an unlikely but spectacular acquisition spree that saw Jeff buy 39 more music schools across America over the next 4 years, then exit to private equity. You're going to enjoy this. Here's Jeff Homer, founder of Ensemble Performing Arts. ❤️ Enjoy this interview? SUBSCRIBE for more: https://bit.ly/42hLnN0 00:00:00. Jeff’s Homer’s background 00:05:45. Value in lower market businesses 00:10:46. Jeff finds a music school 00:17:20. Details about the music business Jeff bought 00:22:02. Artists’ negative predisposition toward selling 00:29:08. Improvements Jeff made to the music school 00:35:09. Terms of the deal 00:38:35. Jeff starts scaling nationwide 00:46:19. Importance of general managers in scaling 00:50:48. Exploring the Market Opportunity 00:55:32. Raising growth equity after several acquisitions 01:05:59. Future prospects and industry insights 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