oday's interview has two segments really.
The first is the story of Evan DiLeonardi buying his business.
It was commercial cleaning business in a small rural town doing a reported $500k of SDE.
The transition was rocky.
"I wouldn't call it a turnaround business," says Evan, "but it was a scary J-curve.
"We hear how Evan has spent a year a half repairing the unhealthy business, which suffered from weak leadership and sticky family dynamics.
Evan doesn't live where the business is — he's a nomad — so listen for how he juggles being on-the-ground with remote management.
The second segment in this interview explores Evan's role today as an SBA buy-side advisor-investor.
He's in an ETA community, where he helps other searchers source and close their acquisitions, and in return receives equity in the businesses — around 20%.
So if he pulls off 5 such partnerships, he'll own the equivalent of 100% of a single small business.
But he'll be diversified, passive, and without a personal guarantee in any of them.
Sounds pretty good.
You'll hear how intrigued I am by his model.
We unpack it some, though we could have kept going.
If you're interested in working with Evan to build out that venture, reach out to him. He's looking for help.
OK, here he is, Evan DiLeondardi, owner of Quality Cleaning Service of Northwest Ohio.

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