High Margin & Big Upside in Lice Treatment

Acquiring Minds

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1M ago 1:38:22

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Derek Croft bought a $1m SDE business with a national footprint in an unusual niche. Just don't call him The Lice King.

Topics in Derek’s interview:

Leaving Bain to search for a business
Acquiring LiceDoctors
Why it’s good for a profitable business to be imperfect
Personal satisfaction from helping customers
Payroll emergency on day 2
Competition in the lice removal industry
High staff turnover despite good pay
Speeding up their response time
Raising public awareness of their service
His goal to double in 5 years

References and how to contact Derek:

Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

Matthias Smith of Pioneer Capital Advisory

Get a complimentary IT audit of your target business:

Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher

Learn more about Walker Deibel's done-with-you buy-side advisory:

The Acquisition Lab

Connect with Acquiring Minds:

See past + future interviews on the YouTube channel
Connect with host Will Smith on LinkedIn
Follow Will on Twitter

322 episoder

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