he vending machine business.

You see lots of little vending routes for sale on BizBuySell, and many of these are just one- or two-person operations, tiny businesses really.

Then there is the one that today's guest Ujwal Velagapudi acquired:

✅ Thousands of machines.

✅ Millions in annual revenue.

✅ Over a million dollars in cash flow.

Ujwal's business is at a whole other level, so if you've ever been curious about this weird and wonderful little industry, you're going to love this episode.

At over 100 minutes, it's a long one.

I wanted to get Ujwal's entire journey, not just the recent acquisition of the vending business.

Why?

Because it's an inspiring one.

Ujwal starts by buying a little commercial building he found on Craigslist.

Fire damage on one side, in a rough section of Detroit, selling for 20 grand.

And did I mention? Listed for sale...on Craigslist.

But he buys it.

And he parlays that first little acquisition into a portfolio of real estate.

Then a bar.

Then a gym.

Then a consulting business, an ecommerce business, an online business, and FINALLY the vending empire.

Ujwal is an acquisition entrepreneur's acquisition entrepreneur — a serial buyer.

What an interesting path.

And at 30 years old, he's really only getting started.

I hope you enjoy my conversation with Ujwal Velagapudi as much as I did. 👇👇👇

Sponsors

August Felker is a 2-time successful searcher — first with a traditional search fund; the second time around, he did a self-funded search.

Today August runs Oberle Risk Strategies, an insurance firm with a dedicated practice group for searchers and acquisition entrepreneurs like you.

If you've got a business under LOI, Oberle will provide complimentary due diligence on that business's insurance and benefits program. A great, no-risk way to get to know August & team.

They love helping searchers; they've worked with hundreds. Oberle is a specialty insurance brokerage for searchers, by a former searcher.

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