Molson Hart

After loan costs there’s only enough for dad to make a small salary and cash on the balance sheet. BUT, if we can find another with a similar size or situation, we are in a tremendous position to bolt on. Ideally we add horizontally (electric/hvac) or vertically (plumbing)

The SBA has a program currently that they waive/forgive the first 6 months of payment if you close before fiscal year end (sept 27th), so we are technically buying the biz for free in the long term. Money machine go infinity IRR

My unfiltered thoughts coming from my non-area of expertise (plumbing) 1. Congratulations. 2. Necessitas aprender espanol 3. Structure the deal to value the trucks & inv. highly. Depreciate them 100% for tax benefits. 4. 4x feels very high. His accounting is probably shit.

I'm assuming the 4x is including ex-owner's salary. That's probably an overpay.

4x net income

Let’s talk about #3

That's all you need to know re: 3. 100% tcja special depreciation.