We talked to Cliff, who combined two businesses for a win in Jacksonville, FL. Here’s Cliff’s journey: — 📈 Cliff spent months searching through different industries before focusing on his local area. Persistence led to finding two businesses under one roof, worth $2.1M in revenue. — 💼 The purchase price was $1.1M, funded through an SBA loan. A clever move as the first six months of payments are covered by the government. That’s $60K back in his pocket! — 🛠️ Key to success: Targeting local, established businesses ready for retirement. Cliff found two owners wanting to sell, ensuring a smooth transition. — 🌟 Retaining one of the previous owners as an employee for five years to mentor and guide the transition. Protecting their legacy and ensuring stability for employees. — 📊 Due diligence was thorough. Cliff worked with an SBA attorney and a CPA who deferred payment until closing, ensuring all financial and legal aspects were covered. — 🏢 Building rapport: Multiple Zoom calls with the business owners, emphasizing employee care and legacy protection. They chose Cliff for his commitment to their team. — 🚀 Growth plans include modernizing their outdated website and implementing a strategic marketing plan. Targeting to double the revenue to $5M in 4-5 years and then sell for $6M. — Never quit. Cliff’s journey is proof that with patience, persistence, and the right strategy, you can achieve incredible success. — If you enjoyed this, comment "Business" below to get this interview and others like it.