10 Oct Acquiring Minds: How to Buy a $3m Business with No Books | Chad Hildebrant Interiew
This is the story of how Chad Hildebrant left a 17-year career in finance, with a wife & 3 kids, and bought a business with a lot of hair on it. The business had no books, but Chad turned this red flag green by eventually getting his hands on the business’s bank statements and reconstructuring the last 3 years of books into his own spreadsheet. This process took dozens of hours but by the end of it, Chad knew how cash moved in and out of the business better than anyone — even the seller. He experienced real pain, both during and after the acquisition, but, in his words: I love this and wouldn’t change it. Please enjoy this conversation with Chad Hildebrant, owner of a $3m candle manufacturer in New Jersey.
