The Dream Outcome: From $300k to $5m EBITDA

November 20, 2025
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I

think it's fair to generalize that for those self-funded searchers who listen to Acquiring Minds, today's guest has achieved the dream.

Linh Tran started small, too small.

A commercial refrigeration business with $300k in SDE on paper — it was actually more like $150k, says Linh.

So a tiny, fragile business.

A business where one technician leaving means revenue collapses.

And from that humble acquisition, Linh built the business into one generating $2 and $3m of EBITDA.

At which point, he stepped aside and hired a CEO, and that business today does north of $5m of EBITDA.

Linh owns all of it. He's a long-term holder, not looking to sell (we discuss why). And he's an investor, so he redeploys and compounds those annual earnings.

But today's interview is about much more than those big numbers.

Linh shares so much perspective with us. Leadership, investing, family, and time are all key themes woven throughout Linh's life and this interview.

You're really going to enjoy his story and the man himself, who is easy and down-to-earth despite his inspiring success.

Here is Linh Tran, owner of Advanced Commercial Group and co-founder of Apex Fund Group.

Read MoreStories

The Dream Outcome: From $300k to $5m EBITDA

From the acquisition of a tiny refrigeration business, Linh Tran has built an enterprise that earns millions annually.

Key Takeaways

Introduction

Listen to the introduction from the host
I

think it's fair to generalize that for those self-funded searchers who listen to Acquiring Minds, today's guest has achieved the dream.

Linh Tran started small, too small.

A commercial refrigeration business with $300k in SDE on paper — it was actually more like $150k, says Linh.

So a tiny, fragile business.

A business where one technician leaving means revenue collapses.

And from that humble acquisition, Linh built the business into one generating $2 and $3m of EBITDA.

At which point, he stepped aside and hired a CEO, and that business today does north of $5m of EBITDA.

Linh owns all of it. He's a long-term holder, not looking to sell (we discuss why). And he's an investor, so he redeploys and compounds those annual earnings.

But today's interview is about much more than those big numbers.

Linh shares so much perspective with us. Leadership, investing, family, and time are all key themes woven throughout Linh's life and this interview.

You're really going to enjoy his story and the man himself, who is easy and down-to-earth despite his inspiring success.

Here is Linh Tran, owner of Advanced Commercial Group and co-founder of Apex Fund Group.

About

Linh Tran

Linh Tran
Linh Tran

Show Notes

Episode Transcript

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