MPP009 – What To Look For When Buying a Business And How To Create Value The Mad Profit Podcast

https://youtu.be/zQ1u4uGLMaA









Interview with Sam Leslie of Dealmakers Institute







In Episode 9 of the Mad Profit Podcast, Sam Leslie from Dealmakers Institute walks us through his journey of starting a couple of service businesses to then investing in online assets to now his new focus of brick and mortar.







Sam explains what he looks for when acquiring a business and how he creates immediate value by putting assets together and gaining a larger multiple.















Transcript







Intro: Welcome to The Mad Profit Podcast, where we interview active investors, entrepreneurs and experts, who left corporate jobs to buy or start successful ventures and live life on their own terms. Listen to their stories, learn from their experiences and heed their advice, so you too can create mad profits and the life you've always wanted. And now here's your Host, Laurent Truc.   Laurent: Welcome back everybody, to the mad prophet podcast, I'm excited today we've got a guest, a special guest, His name is Sam, and he is a self-proclaimed business acquisition investor. I love that title resonates really well with me, So Sam welcome to the show.   Sam: Thanks, man really great to be here.   Laurent: Thanks for taking the time. I've been looking forward to this interview. Oh! you know that I've been hounding you all together, obviously we're in the same space and we just share a lot of common thoughts and views, on investing in business investing. So, looking forward to spending some time, understand you a little bit better and sharing some of your wisdom with the listeners today.   Sam: Great!   Laurent: okay so maybe we can start with you, can you tell us a little bit about yourself and how you got here?   Sam: So, let's go all the way back, twelve years old, running a landscaping lawn maintenance company, knew I always wanted to own businesses, just that, I don't know why I just knew I wanted to own multiple businesses, and of course wealth came along with that, but I knew I wanted to own multiple businesses. So, my dad liked to sit down and kind of help me plan that out, and I said well I want to sell my landscaping company for a million bucks. Well, about 15 years later, I was still running it, and didn't sell it for a million bucks, but did sell it; and bounced around for a little while just trying to find something else, and I ended up taking a job with a pest control company, and I got sick all the time, because of the pest control products. I would shake and I was nauseated, and it was... I started looking it up online and I was like I think this might be, I might be getting a little bit of the poison on me or in my system.   And so, I had three kids at that time and was coming home with that stuff on me and realized that there had to be a change. So, I took about two grand and started a company called organic pest solutions which still runs in Greenville South Carolina. It has been about nine years now and we used natural and naturally derived chemicals. So, this is in my blood man, it's in my blood. So, fast-forward to 2015 my dad runs organic pest solutions and then I invest in other businesses.   So 2015 I found a Chapman we're both friends with him, partners with him or have been partners with him and many deals and fantastic guy, and I found him in 2015 and joined his course and learned how to buy businesses, because I knew, I knew that I had to have somebody teach me. It was… there's just really not much out there on how do you buy online companies? How do you buy offline companies? I had sold my business and looking back on it now, like it was a very creative deal and I didn't really realize that and it worked out really well, but each kind of took me down the path and so within six months, six to eight months,