Key Points From the Interview
y big takeaway from today's interview is how quickly someone can transform their life when they buy a business.
Kevin Bibelhausen suffered a Covid-related health scare in 2021 that caused him to re-evaluate things.
He'd flirted with buying a business before, but after this scare... carpe diem; he got serious about it.
Today, just 2 years later, Kevin:
- Raised $800k from investors that he did not already know...
- To buy a business valued at almost $8 million...
- Moved from Dallas to North Carolina to take over the business...
- Is now owner & president of this 20-year-old wholesale fabrics business that does almost $10 million a year in sales...
- And is the general partner in a fund to invest in other searcher deals himself.
Not bad for 2 years of work.
And, Kevin was pretty much starting from a standstill. He's not former finance; he didn't have money himself when he started.
Those of you who heard the recent episode of the SMBash panel will recognize Kevin; he was one of the 2 panelists on stage.
And I think you'll agree he was a good choice; Kevin is forthcoming and accessible and an example of how diving in and figuring it out as you go can yield tons of progress in a short amount of time.
Here is Kevin Bibelhausen, owner of Heritage Fabrics:
