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Podcasts/Acquiring Minds
Acquiring Minds✓ Verified in SBA records

Buying 5m Of Revenue With 50k Of Equity

with Devin Fitzgerald · RML Service Group

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

The Deal

Business
RML Service Group
Industry
Home health care and home care agencies
State
MA
Purchase Price
$600K
Multiple (EBITDA)
2.5x
Year
2023
Financing
SBA 7a
Revenue at Purchase
$1.1M
Deal Source
bizbuysell

Financing Structure

SBA 7(a)
Buyer Equity
$50K

Strategic Rationale

Devin chose home health care to honor his grandmother's nursing legacy while targeting a fragmented, growing industry with significant consolidation opportunities and the potential to professionalize underdeveloped operations.

Post-Acquisition Performance

Within the first year, Devin stabilized the declining agency, arrested revenue decline, and achieved 1.5% growth while strengthening operations through technology implementation, staff engagement, and cultural transformation.

The LenderHawk View

Real lenders that finance similar deals

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10
Median Spread
P + 2.52%
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See all matching lenders →

Key Takeaways

  • 1Persistence through deal setbacks is critical; expect complications and maintain focus on long-term goals rather than short-term obstacles
  • 2Building personal connection with sellers by understanding their motivations and aspirations increases deal success and transaction smoothness
  • 3Low morale and declining businesses can be turned around quickly with strong leadership, cultural change, and engagement of existing staff to identify operational improvements

Matched SBA Loan Records

SBA loan filings we matched to this deal

Eastern Bank95%
$495KP + 2.00%FY2022
Eastern Bank95%
$495KP + 2.00%FY2022
Eastern Bank95%
$150KP + 1.50%FY2022