Ep 387 Selling a Service Business Without an Earn-Out with Brandon Lazar:

<p class="MsoNormal"><span lang="EN-US" style= "font-size: 10.0pt; line-height: 107%; color: windowtext; mso-ansi-language: EN-US;" xml:lang="EN-US">In 2008, Brandon Lazar started A+ Gutter & Window Cleaning, servicing homeowners in British Columbia, Canada.</span> <span style= "font-size: 10.0pt; line-height: 107%; color: windowtext;">Lazar successfully bootstrapped the business, generating nearly $1.5 million in revenue before being approached by an acquirer. </span></p> <p><span style= "font-size: 10.0pt; line-height: 107%; font-family: 'Open Sans',sans-serif; mso-fareast-font-family: Calibri; mso-fareast-theme-font: minor-latin; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: minor-bidi; mso-ansi-language: EN-CA; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;"> Lazar sold A+ Gutter & Window Cleaning to a private buyer in 2023 for approximately 3.5 times EBITDA, without an earn-out.</span></p>