13 Aug Acquiring Minds: $400k Profit Fixing Church Pews
Church pew restoration. It’s the kind of business you didn’t know existed until Greyson Boerner found a listing for a “furniture repair company” earning $400,000. After years chasing startups, Greyson read Buy Then Build and shifted his focus to buying an established business. Eighteen months later, he acquired a 28-year-old pew restoration shop near his Southern California home. During diligence, he discovered a major competitor had recently closed, sending demand his way. He paid about 3x SDE, but rapid growth before closing brought his effective multiple closer to 2x. Today, the business is on pace for $2 million in revenue this year, roughly 50% growth. And don’t miss his unforgettable “welcome to small business” moment: a stolen truck, a high-speed police chase, and a crash course in ownership. Here is Greyson Boerner, owner of Worship Interiors Group.
