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Podcasts/Acquiring Minds
Acquiring MindsApril 8, 2024✓ Verified in SBA records

Buy & Build a Trash Business to a $4.4m Exit

with Patrick Norris · Mr. Trashman

Listen to Episode →

LenderHawk analysis. Not affiliated with or endorsed by Acquiring Minds.

The Deal

Business
Mr. Trashman
Industry
trash/garbage collection
State
MA
Purchase Price
$624K
Multiple (SDE)
1.8x
Year
2016
LTV at Close
48%
Deal Source
bizbuysell

Financing Structure

Bank Loan
Buyer Equity

Strategic Rationale

Acquire a manageable business to utilize operational experience in the trash industry.

Post-Acquisition Performance

Grew revenue to $2.9M; exited for $4.4M in 2021 with $1M cash in bank.

The LenderHawk View

Real lenders that finance similar deals

Active Lenders
10
Median Spread
P + 1.77%
Top Lenders
Eastern Bank21 deals
Rockland Trust Company21 deals
Live Oak Banking Company17 deals
Cambridge Savings Bank11 deals
Webster Bank National Association10 deals
See all matching lenders →

Matched SBA Loan Records

SBA loan filings we matched to this deal

MutualOne Bank95%
$180KP + 2.75%FY2013
MutualOne Bank95%
$35KP + 2.25%FY2013

Want the Full Story?

The full narrative — the personal details, the hard moments, the host conversation — only lives in the original. Go listen.

Listen on Acquiring Minds