In today's episode, Jessica and Andy are bringing two entrepreneurs that are sharing their exit stories. You will hear personal experiences of how the business sale affected their lives. Will Moore is now the owner of Moore Momentum but he founded one of the original food delivery services back in 2008 before Uber was part of our lives. Jennifer Diaz is also sharing a unique story; she just sold her autobody business, which is only the tip of the iceberg of an incredible story as an entrepreneur which started when she was 18 years old.
This show aims to help you in developing and growing a successful business, by listening to the stories of entrepreneurs and how they got into business, made them grow, and finally sold it.
Listings of the week: Mike Hall (Raleigh) is selling a Dry Cleaner with a great reputation. Asking Price: $355,000, SDE: $168,000. Call Mike at (199) 424-1927 or email mhall@tworld.com.
Key takeaways:
[3:51] Will Moore, founder of Doorstep Delivery and Moore Momentum.
[4:30] Will shares some of his entrepreneurial journey.
[10:35] Growing the business in order to sell it later at a better price.
[12:20] A multimillionaire business starts the same way that all businesses start.
[12:52] Will talks about growth strategies.
[15:37] Will talks about the meaning of Tier 2 and 3 markets.
[16:58] Why did Will decide to grow through acquisition?
[17:56] Will explains how he was affected as an owner while exiting his business and shares his advice to other entrepreneurs.
[20:48] Will talks about Moore Momentum, his current business.
[22:24] Will shares the "five cores."
[26:55] What is the legacy you are leaving?
[28:13] You have to enjoy the journey if you want to be happy and successful.
[30:05] Deal of the week: Gary Goldwasser (Denver) sold a large landscape/nursery in the Denver metro area that was making 8.9 million dollars in revenue before COVID-19. The buyer raised all the capital from a private equity firm; the deal was structured into three parts: money upfront, the buyer kept 20% equity of the business, and the option for each to sell at any time. SDE: $5 million. Final Price: $18.3 million.
[35:52] Jennifer Diaz, a great Transworld customer, shares how she got into business.
[39:33] From a hair salon to an autobody business.
[43:22] Jennifer is currently in the medical field, where her passion is.
[48:15] Jennifer gives her advice to young women considering becoming entrepreneurs.
[51:20] Listing of the week: Mike Hall (Raleigh) is selling a Dry Cleaner with a great reputation. Asking Price: $355,000, SDE: $168,000.
Mentioned in this Episode:
The Deal Board Podcast
United Franchise Group
Transworld Business Advisors
Transworld on Linkedin
Transworld on Facebook
Call us — (888) 711-9018
Email us thedealboard@tworld.com
Moore Momentum
Moore Momentum on Instagram
5 Core Life on Instagram
Contact Gary Goldwasser at gary@tworld.denver.com or call (303) 748-7420.
Call Mike Hall at (199) 424-1927 or email mhall@tworld.com.
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