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- New Podcast: Ex-Tech Employee Acquires 7 Businesses (Primarily In Construction) And Grows Them 5x
New Podcast: Ex-Tech Employee Acquires 7 Businesses (Primarily In Construction) And Grows Them 5x
An interview with Chandra Rao
Hello SMB Deal Hunters!
I’m excited to share a new interview with Chandra Rao, an entrepreneur previously working in tech who has done 7 acquisitions, primarily in the construction space.
Chandra's acquisitions span electrical contractors to underground construction and fiber splicing companies.
Impressively, Chandra’s companies have achieved a combined 5x growth rate in just a few years.
Today's issue is sponsored by SMB Diligence, the platform I helped start for matching business buyers with vetted legal counsel and Quality of Earnings providers.
WORK WITH ME
Want me and my team to work with you to find, finance, and acquire a million-dollar cash-flowing business in the next 6-12 months? Apply to join SMB Deal Hunter Pro.
Here's what one member shared this past week:
INTERVIEW
In the interview with Chandra, we discuss:
How Chandra financed his first deal “wildly recklessly” with credit cards
Why he’s excited about the underground construction and fiber-splicing space
Buying a business where you don’t have the necessary licenses
Conventional vs SBA loans
The importance of picking the right partners and aligning on goals
How Chandra’s companies have achieved a combined 5x growth rate
How Chandra bought a trailer manufacturing company and then sold it after realizing it wasn’t the right fit
Why culture is everything
And more!
PRESENTED BY SMB DILIGENCE
Here’s Why You Shouldn’t Skip Due Diligence…
A friend of mine put a business under LOI and asked me for my advice.
I recommended he contract a 3rd party due diligence partner to rebuild the company's P&L from scratch.
Turns out their EBITDA was off by 2x 😳
Enter SMB Diligence.
SMB Diligence is the platform I helped start for matching business buyers with vetted diligence providers, from M&A lawyers to Quality of Earnings providers.
Their network of experts has worked on hundreds of small business transactions (including many from the SMB Deal Hunter community).
COMMUNITY PERKS
• Want to invest passively in SMB acquisitions? Get access to investment opportunities.
• Get a personal introduction to my preferred SBA 7(a) lender, non-SBA lenders, Quality of Earnings providers, or legal counsel
• Raising capital for your deal? I’ll connect you with investors from the SMB Deal Hunter Community.
• Interested in selling your business? I’ll help you connect with buyers from the SMB Deal Hunter Community.
THAT’S A WRAP
Want me to interview you for my podcast? Hit reply.
See you tomorrow with some new deals!
-Helen Guo
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Disclaimer
This publication is a newsletter only and the information provided herein is the opinion of our editors and writers only. Any transaction or opportunity of any kind is provided for information only; SMB Deal Hunter does not verify nor confirm information. SMB Deal Hunter is not making any offer to readers to participate in any transaction or opportunity described herein.