Finding a Great Business in Cow Country
Update: 2024-05-23
Description
Cody Agee thought food testing would be a good recession-resistant business to buy. 2 weeks later, one listed for sale.
Topics in Cody interview:
- Bypassing business school
- Cashing out his 401(k) without using ROBS
- Buying a food safety and testing lab
- The moat of licensing requirements
- His advantage over much larger competitors
- Adjusting purchase price based on quality of earnings report
- Finding investors on Twitter
- Personally guaranteeing the seller note
- How he uses EBITDAR vs. EBITDA
- Putting in an enterprise resource planning (ERP) system
References and how to contact Cody:
- Twitter/X
- cody@splitmountaincapital.com
- Sierra Dairy Laboratory
- Dino Sawaya
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Connect with Acquiring Minds:
- See past + future interviews on the YouTube channel
- Connect with host Will Smith on LinkedIn
- Follow Will on Twitter
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