01 Mar Acquiring Minds: The Front Lines of a Crisis | Russ Hadlock Interview
In November 2022, Russ Hadlock bought an autoglass business that seemed solid. Founded in the 80s. $600k of SDE. 2 locations. Multiple lines of revenue. But as you’ll hear in today’s interview, what seemed solid has been anything but. A few of the business’s expenses have jumped under his ownership, while sales have declined. Russ hasn’t paid himself in his 14 months of ownership; in fact, he’s plowed an additional 6 figures into the business to keep it going. This is one of those stories about the sometimes-perilous nature of buying a business, and Russ was very generous to not only share it with us, but do so in real time.
