Timing is Everything: Buying a $30m Tutoring Business

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Acquiring Minds

Will Smith

410 episodes

3 days ago

Buying a business is an amazing path for many successful entrepreneurs. Learn how to buy a business from the entrepreneurs who have already done it. 2x per week: stories, insights, & valuable advice about acquisition entrepreneurship. Hosted by Will Smith, who is on his own path to acquire a business. Also on YouTube: https://www.youtube.com/@AcquiringMinds Sign up for episode summaries at: https://acquiringminds.co

All content for Acquiring Minds is the property of Will Smith and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

Entrepreneurship

Business,

Investing

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Timing is Everything: Buying a $30m Tutoring Business

Acquiring Minds

1 hour 57 minutes

3 weeks ago

Timing is Everything: Buying a $30m Tutoring Business

Both buyer Jared Lenner and seller Dave Serwitz share their perspectives on the acquisition of a 20-year-old business.

Investor-Backed Search and SBA: Buy Bigger, Keep Control - TOMORROW! - https://bit.ly/4qABMgn
Overcoming Risks from a Lender’s Perspective - Thu Nov 6th - https://bit.ly/4qDoJdV

Topics in Jared & Dave’s interview:

Jared buying Dave’s tutoring business
Dave’s motivation to sell
Choosing to work with Search Fund Accelerator
Their agreement to “assume positive intent”
Why Dave didn’t sell to private equity
How the in-person business survived Covid
Bookkeeper quit right after transition
“Other people’s money is scarier than a PG”
Competing with AI in the future
How it feels to sell your company

References and how to contact Jared & Dave:

Dave Serwitz LinkedIn
Jared Lenner LinkedIn
Grade Potential Tutoring
Marc Anderegg on Acquiring Minds: So Much Fun: The Buyer of Choice in a Fragmented Industry

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

Download the New CEO’s Guide to Human Resources from Aspen HR:

From this page or contact mark@aspenhr.com

Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

Pioneer Capital Advisory

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