How to Survive Acquiring a $3.5m Flooring Business

Chris Edwards acquired Affordable Flooring Warehouse for $1.7m. The business was doing roughly $750k EBITDA on $3.5m in revenue.

He financed 80% of it with an SBA loan and 10% with a seller note. The remaining $170k he paid in cash.

The first 6 months of ownership transition have been brutal — a “bloody knife fight”.

But the situation is gradually improving, and he’s optimistic that by the end of the year this will prove to have been a wonderful decision in his life.

Be a shock absorber — Chris’s advice to any new owner. Your job is to absorb the emotions that will inevitably flare when you step into the business.