20 Apr Acquiring Minds: Hiding in Plain Sight on BizBuySell $800k SDE for 2x
Like many of you, Joe was checking BizBuySell daily, not seeing many interesting businesses come up for sale. He finally decided to relax his filters a little, and look not just at the new stuff, but the old stuff, the listings that had been sitting for a while. And that is the origin of his ownership of Woodland Face Veneer. Woodland Face is a manufacturer with $11m in sales and $800k-ish in SDE. Sale price? $1.5m. That’s less than 2x for a mature, sizable business, with an SDE level that self-funded searchers all seek. Now, there is some customer concentration to this business. It’s in a very small town. But those are relatively minor when you consider Joe’s entry point into this 8-figure manufacturing business. I wish us all similar good fortune. Here is Joe Ziolkowski, owner of Woodland Face Veneer.
