MarkMagaro

SMB Owner and Investor. Currently growing a manufacturing & installation company and investing in others. Continuously learning and improving.

[MarkMagaro @MarkMagaro]

In late 2020, I bought a biz that:

had no recurring revenue;
had negligible ebitda;
w/ high day-to-day owner involvement;
that was project-based;
and capital intensive;
with a poor culture;
in a highly consolidated industry;
that I knew absolutely nothing about;
and was only the 2nd deal I looked at;
as a first time business owner;
and I didn't do a QofE.

The business has grown significantly (top and bottom lines) since I bought it, but more importanly, it has been extremely fulfilling.

While I would never recommend that cocktail to anyone, you can make businesses that have unfavorable characteristics that everyone poops on work if your initial thesis is right, you find a couple of people that care deeply and treat them well, and you find a couple of good partners/vendors (I found a couple on here).

There's also a lot more juice to squeeze on these types of businesses and you should accordingly pay a much lower multiple.

[MarkMagaro @MarkMagaro]

@blueprintsmb22 100% they should. I became numb to these in late 2021. When these issues go away, prices will not come down anyway. It sets a new floor.

[MarkMagaro @MarkMagaro]

@KrissBergTweets It depends. That's the only correct answer.

[MarkMagaro @MarkMagaro]

@mattressguysbro @RoryTyer Happy to chat Josh!

[MarkMagaro @MarkMagaro]

@MatznerJon does the retweet have to get 50,000 impressions? and does this apply retroactively to old tweets?

[MarkMagaro @MarkMagaro]

@FikseJake

[MarkMagaro @MarkMagaro]

@Bob095024161 @OMGTheMess such a polite way to get this point across.

[MarkMagaro @MarkMagaro]

@Bobbyvickers @tenlifejosh @sodacitysimpson I agree, but you typically have to build after you buy to be successful.

[MarkMagaro @MarkMagaro]

@MatznerJon This is the only reasonable take on the situation I’ve seen. But, that’s just like my opinion man.

[MarkMagaro @MarkMagaro]

@SMB_Attorney In 2031, the GC position at my emerging ecofriendly playground conglomerate is all yours.

[MarkMagaro @MarkMagaro]

@nichpic @sweatystartup outsourcing some of my jobs overseas has actually allowed me to keep more Americans employed. Nothing says I love America more than keeping Americans employed.

[MarkMagaro @MarkMagaro]

@sodacitysimpson @ToddLlewellyn So are you. So am I. So is everyone reading this thread. And all of us probably still have a ton of room for improvement!

[MarkMagaro @MarkMagaro]

@ClintFiore I'll share details after I close. Hopefully it'll help some potential sellers to choose the right broker and help potential buyers navigate situations where the broker is not very effective

[MarkMagaro @MarkMagaro]

@ClintFiore I'm in the middle of diligence on my second transaction as a buyer. I didn't realize until now, just how much a knowledgeable and organized business broker is worth to both parties. I got spoiled by the broker in my first transaction and didn't appreciate it enough.

[MarkMagaro @MarkMagaro]

@bryanbrosgolf @SCweather_wx if the PGA immediately reinstates @wesleybryangolf, this storm shall pass.

[MarkMagaro @MarkMagaro]

@blueprintsmb22 Masochists who like hairy deals that are asset-heavy, capital intensive with risky owner dependencies and highly cyclical project-based revenue remain undeterred.

[MarkMagaro @MarkMagaro]

@SMB_Attorney One of the most suprising things to me as a business owner was how many times I opened a piece of mail from a service provider initially thinking that it was from a government entity for a task that takes 30 seconds to complete and costs 3-5x less than the service provider fee.

[MarkMagaro @MarkMagaro]

@BriannaWu @michelletandler Liberalism or being “liberal” is not the same as being a Liberal or voting Democrat in today’s world

[MarkMagaro @MarkMagaro]

On a recent call with a business broker "I am absolutely not afraid that the 2025 numbers are down. 2026 is going to be a great year."