Want a quick estimate of how much your business is worth?
With our free valuation calculator, answer a few questions about your business, and you’ll get an immediate estimate of the value of your business.
You might be surprised by how much you can get for it: https://flippa.com/exit
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In this episode of The Exit Podcast, host Steve sits down with Lee Smith, an acquisition entrepreneur at Verdani Capital with 12 years of M&A experience. Lee shares hard-won lessons from acquiring 20+ businesses and reveals what buyers really look for when evaluating companies for acquisition.
KEY TOPICS COVERED:
The #1 Red Flag Buyers See (And How to Fix It)
Lee reveals why owner-dependency kills deals and how to build transferability into your business 2-3 years before exit
Inside the Valuation Process
Real multiples for blue-collar businesses (2-4x true profit, not EBITDA) and why adjusted earnings can backfire
Deal Structure That Works
How Lee structures acquisitions to align incentives: buying 60-80% stakes with future upside potential that often doubles the founder's payday
The Biggest Deal Mistakes
From buying distressed companies to discovering hidden equity agreements 30 minutes before closing—lessons learned the hard way
The £1 Business Acquisition Strategy
How Lee has purchased 20 businesses for just one pound, including a remarkable turnaround that saved a founder from £500K in debt
When Concentration Risk Isn't a Deal-Breaker
Strategic approaches to handling clients that represent 60-70% of revenue, including key customer clauses in SPAs
Building Trust in M&A Deals
Why "two ears, one mouth" matters more than spreadsheets when structuring successful acquisitions
The EOS Framework for Integration
Using simple systems to manage acquired businesses without disrupting teams or culture
--
Lee Smith is a values-driven entrepreneur and dealmaker with more than 25 years of experience and a respected track record in UK M&A. After completing his first acquisitions in 2014, he went on to buy and turn around nine underperforming companies before founding Verdani Capital, where he continues to acquire and scale larger UK businesses. To date, Lee has completed 26 acquisitions across sectors such as Manufacturing, Professional Services, Construction, HVAC, and IT Services, supported by training from leading M&A mentors in the UK and US. His current portfolio generates over £2M in annual profit with a clear path toward £10M, strengthened by three strategic exits in 2024. Grounded in spirituality and conscious leadership, Lee combines substance, strategy, and long-term thinking in every partnership.
Website - https://www.leeasmith.co.uk/
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The Exit—Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on flippa.com/the-exit-podcast/
All content for The Exit - Presented By Flippa is the property of The Exit - Presented By Flippa 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.
Want a quick estimate of how much your business is worth?
With our free valuation calculator, answer a few questions about your business, and you’ll get an immediate estimate of the value of your business.
You might be surprised by how much you can get for it: https://flippa.com/exit
--
In this episode of The Exit Podcast, host Steve sits down with Lee Smith, an acquisition entrepreneur at Verdani Capital with 12 years of M&A experience. Lee shares hard-won lessons from acquiring 20+ businesses and reveals what buyers really look for when evaluating companies for acquisition.
KEY TOPICS COVERED:
The #1 Red Flag Buyers See (And How to Fix It)
Lee reveals why owner-dependency kills deals and how to build transferability into your business 2-3 years before exit
Inside the Valuation Process
Real multiples for blue-collar businesses (2-4x true profit, not EBITDA) and why adjusted earnings can backfire
Deal Structure That Works
How Lee structures acquisitions to align incentives: buying 60-80% stakes with future upside potential that often doubles the founder's payday
The Biggest Deal Mistakes
From buying distressed companies to discovering hidden equity agreements 30 minutes before closing—lessons learned the hard way
The £1 Business Acquisition Strategy
How Lee has purchased 20 businesses for just one pound, including a remarkable turnaround that saved a founder from £500K in debt
When Concentration Risk Isn't a Deal-Breaker
Strategic approaches to handling clients that represent 60-70% of revenue, including key customer clauses in SPAs
Building Trust in M&A Deals
Why "two ears, one mouth" matters more than spreadsheets when structuring successful acquisitions
The EOS Framework for Integration
Using simple systems to manage acquired businesses without disrupting teams or culture
--
Lee Smith is a values-driven entrepreneur and dealmaker with more than 25 years of experience and a respected track record in UK M&A. After completing his first acquisitions in 2014, he went on to buy and turn around nine underperforming companies before founding Verdani Capital, where he continues to acquire and scale larger UK businesses. To date, Lee has completed 26 acquisitions across sectors such as Manufacturing, Professional Services, Construction, HVAC, and IT Services, supported by training from leading M&A mentors in the UK and US. His current portfolio generates over £2M in annual profit with a clear path toward £10M, strengthened by three strategic exits in 2024. Grounded in spirituality and conscious leadership, Lee combines substance, strategy, and long-term thinking in every partnership.
Website - https://www.leeasmith.co.uk/
--
The Exit—Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on flippa.com/the-exit-podcast/
The 30% Mistake: Why Most Founders Leave Money on the Table with Linda Hamilton
The Exit - Presented By Flippa
31 minutes 12 seconds
4 months ago
The 30% Mistake: Why Most Founders Leave Money on the Table with Linda Hamilton
Want a quick estimate of how much your business is worth?
With our free valuation calculator, answer a few questions about your business, and you’ll get an immediate estimate of the value of your business.
You might be surprised by how much you can get for it: https://flippa.com/exit
--
In this episode of The Exit: Linda Hamilton, a Certified Exit Planning Advisor and longtime CPA, shares practical strategies for business owners preparing for a future exit, emphasizing the importance of readiness, clean financials, and documented systems.
Key Takeaways:
Exit Planning is About Optionality, Not Just Selling
Many business owners avoid thinking about exits too early, but Linda argues that preparing early builds resilience and optionality, not just a path to sell.
The Cost of Not Preparing
Citing a 30% valuation gap between male and female founders, Linda underscores how lack of preparation—especially around clean books, contracts, and succession—can significantly impact sale outcomes.
Readiness vs. Attractiveness
Linda encourages using assessments to evaluate both how attractive your business is to a buyer and how ready you are to exit. She shares a story of a founder nearly derailing a deal by not securing key employee agreements.
Key Indicators of Exit-Readiness - Critical elements include:
Clean, audited financials
Signed client/vendor contracts
Repeatable and documented systems
Cash flow visibility and control over AR/AP
Transferability & Systemology
As a certified systemologist, Linda highlights the importance of mapping your customer journey and operational systems to ensure the business can run without you—critical for buyer confidence and deal value.
Building a Support Team
Successful exits rely on coordinated advisors: CPAs, attorneys, brokers, and wealth advisors. A SIPA-certified exit planner often acts as the “quarterback” to align everyone's efforts with the owner’s goals.
Timing & Purpose
Timing an exit is personal. Many owners regret selling too soon because they lack a post-exit purpose. Linda encourages planning for life after the sale as part of the overall exit strategy.
Empowering Female Founders
Linda advocates for financial fluency and readiness assessments to help women negotiate from a position of strength. Confidence comes from awareness—knowing your numbers, your risks, and your value.
Final Advice: Linda wishes she had done her own business readiness assessments earlier in her career, highlighting how early preparation can influence smarter long-term decisions.
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Linda Hamilton is a CPA and CEPA, (Certified Exit Planning Advisor) who is passionate about helping women business owners achieve financial fluency to grow, profit & scale. Linda founded Grow Profit Scale™, a coaching and mastermind program designed to empower women entrepreneurs with financial fluency, profit amplification, and scalable business strategies. In addition to Grow Profit Scale, Linda is also the founder of Linda A. Hamilton CPA LLC, where Linda and her team provide accounting, tax, and strategic financial planning services. With over 35 years as a CPA, CGMA, CEPA, and SYSTEMologist®, she has helped countless business owners develop strong financial systems, improve profitability, and plan for successful exits.
Linda on LinkedIn: https://www.linkedin.com/in/lindahamiltoncpa/
Websites: https://www.growprofitscale.com/
- https://www.lahcpas.com/
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The Exit—Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on flippa.com/the-exit-podcast/
The Exit - Presented By Flippa
Want a quick estimate of how much your business is worth?
With our free valuation calculator, answer a few questions about your business, and you’ll get an immediate estimate of the value of your business.
You might be surprised by how much you can get for it: https://flippa.com/exit
--
In this episode of The Exit Podcast, host Steve sits down with Lee Smith, an acquisition entrepreneur at Verdani Capital with 12 years of M&A experience. Lee shares hard-won lessons from acquiring 20+ businesses and reveals what buyers really look for when evaluating companies for acquisition.
KEY TOPICS COVERED:
The #1 Red Flag Buyers See (And How to Fix It)
Lee reveals why owner-dependency kills deals and how to build transferability into your business 2-3 years before exit
Inside the Valuation Process
Real multiples for blue-collar businesses (2-4x true profit, not EBITDA) and why adjusted earnings can backfire
Deal Structure That Works
How Lee structures acquisitions to align incentives: buying 60-80% stakes with future upside potential that often doubles the founder's payday
The Biggest Deal Mistakes
From buying distressed companies to discovering hidden equity agreements 30 minutes before closing—lessons learned the hard way
The £1 Business Acquisition Strategy
How Lee has purchased 20 businesses for just one pound, including a remarkable turnaround that saved a founder from £500K in debt
When Concentration Risk Isn't a Deal-Breaker
Strategic approaches to handling clients that represent 60-70% of revenue, including key customer clauses in SPAs
Building Trust in M&A Deals
Why "two ears, one mouth" matters more than spreadsheets when structuring successful acquisitions
The EOS Framework for Integration
Using simple systems to manage acquired businesses without disrupting teams or culture
--
Lee Smith is a values-driven entrepreneur and dealmaker with more than 25 years of experience and a respected track record in UK M&A. After completing his first acquisitions in 2014, he went on to buy and turn around nine underperforming companies before founding Verdani Capital, where he continues to acquire and scale larger UK businesses. To date, Lee has completed 26 acquisitions across sectors such as Manufacturing, Professional Services, Construction, HVAC, and IT Services, supported by training from leading M&A mentors in the UK and US. His current portfolio generates over £2M in annual profit with a clear path toward £10M, strengthened by three strategic exits in 2024. Grounded in spirituality and conscious leadership, Lee combines substance, strategy, and long-term thinking in every partnership.
Website - https://www.leeasmith.co.uk/
--
The Exit—Presented By Flippa: A 30-minute podcast featuring expert entrepreneurs who have been there and done it. The Exit talks to operators who have bought and sold a business. You’ll learn how they did it, why they did it, and get exposure to the world of exits, a world occupied by a small few, but accessible to many. To listen to the podcast or get daily listing updates, click on flippa.com/the-exit-podcast/