Better late than never.
After a few final legal items (escrow, title changes, some back and forth over liabilities), we officially own our first business.
As a reminder, we purchased a 20 year old plumbing business based in Montana. The comapny has averaged $1mm of revenue over the past year and hasn't seen a negative impact from the covid-19 pandemic.
The seller of the business had organically bootstrapped the business to where it is today - and will be remaining with the business in a service manager style role.
The company has a stellar reputation in its region and consistently turns down work due to lack of availability.
Our key goals with the business include:
- Modernizing the tools and technology used
- Adding to the team to meet current demand
- Adding marketing automation to scale the inbound leads
- Adding new features and services to grow our addressable market
This transaction will instantly make us a profitable company on a go-forward basis... and we continue to look diligently for the next deal.
Thanks everyone for the support and for following along with our journey.
On to the next one!
Team KM Ops
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