• High Margin & Big Upside in Lice Treatment

  • Nov 25 2024
  • Length: 1 hr and 38 mins
  • Podcast

High Margin & Big Upside in Lice Treatment

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  • Summary

  • Derek Croft bought a $1m SDE business with a national footprint in an unusual niche. Just don't call him The Lice King.

    Topics in Derek’s interview:

    • Leaving Bain to search for a business
    • Acquiring LiceDoctors
    • Why it’s good for a profitable business to be imperfect
    • Personal satisfaction from helping customers
    • Payroll emergency on day 2
    • Competition in the lice removal industry
    • High staff turnover despite good pay
    • Speeding up their response time
    • Raising public awareness of their service
    • His goal to double in 5 years

    References and how to contact Derek:

    • LinkedIn
    • LiceDoctors
    • ETA Circle

    Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

    • Matthias Smith of Pioneer Capital Advisory

    Get a complimentary IT audit of your target business:

    • Email Nick Akers at nick@inzotechnologies.com, and tell him you’re a searcher

    Learn more about Walker Deibel's done-with-you buy-side advisory:

    • The Acquisition Lab

    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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