Investing in the business acquisitions of self-funded search entrepreneurs. If your deal fits the criteria on our website (link below) we’d love to talk!
Joined February 2023
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Fruition Capital retweeted
🚨Attention Minneapolis SMB folks 🚨
@FruitionCap is helping promote an ETA panel at the Carlson School of Business on 11/15.
If you're interested in sitting on a panel as a searcher, investor, or service provider, DM me.
Fruition Capital retweeted
"Supporting Self-Funded Search" with Kevin Bibelhausen of @FruitionCap
#acquisitionentrepreneurship #selffunded #funding #serialentrepreneur
WATCH HERE: youtu.be/RVx-TA9_-o8
Fruition Capital retweeted
SMB and ETA folk know that at the end of the day it is the numbers that matter the most! Searchers and past buyers know that understanding the numbers of a deal is essential to picking the right business, raising the right capital, and managing all of the available funds.
It can be daunting to go down that road alone, which is where @SMB_ash comes in. If you choose to attend the searcher track, we always have panels lined up to help you understand the numbers!
2024 hosted @JermanMichael from @Hollywellteam to discuss accounting. Then Ben from @Slackwatercap, @cappaert from Workbench Capital and Blue Maple, & @bibelhausen from @FruitionCap and Heritage Fabrics shared the stage to discuss the ins and outs of Investor Equity from their personal experiences!
I don't know what you're thinking - but that's a heck of a lot of experience in just two out of our twenty separate panels (8 specific to searching).
Having a team of people, a mentor, or insight from experienced entrepreneurs (😉 by attending SMBash) increases your comprehension of the unique numbers framework of each deal. And when it comes to SMB and ETA, knowledge leads to success.
#SMB #ETA #investorequity #accounting #anumbersgame
Fruition Capital retweeted
10 days until the M&A Launchpad conference in Houston on May 11th!
Use code "Fruition" @FruitionCap to receive $200 off registration!
Fruition Capital retweeted
@Slackwatercap and @bibelhausen giving a master class on raising equity from top notch folks that are reputable, transparent, and trustworthy in the SMB ETA space
@SMB_ash – at Salt Lake City, UT
Fruition Capital retweeted
Harvard MBA’s are turning down $300K salaries from prestigious Private Equity Firms to go buy “boring” blue-collar businesses in rural America.
Here's the irony:
Anyone with an average IQ and a strong work ethic can do this.
So why not you?
Your simple guide to buying one:
Fruition Capital retweeted
How to Fund Your Dream Biz Acquisition - A thread 🧵
Fact: By 2030, $7 trillion in Baby Boomer businesses will be sold.
Don't let the idea of only the rich being able to afford one stop you! Here's how to fund a biz acquisition yourself so you can get in on the #SilverTsunami
Fruition Capital retweeted
SMB acquisition public service announcement: It's probably time to start modeling larger seller notes and/or more equity % in your deals.
Submitted without further comment.
Fruition Capital retweeted
5 Major SMB Milestones:
1) ~100K Revenue is when you feel like you might be onto something and could really make a living at this.
2) ~500K Revenue is when you start to switch from feeling like you're self-employed to really a small business and you realize how important hiring right is.
3) ~1M Revenue is when you realize you have to learn how to lead leaders and not just hire low-level people to do tasks you don't want to do if you don't want to be stuck at this level forever. Making a decent living but you're tired and biz depends on you still to perform well. (only ~5% of SMBs ever hit this)
4) ~500K Earnings is where you finally feel like you have some breathing room and can take vacations, invest, live the lifestyle you promised your spouse during the years of sacrifice, and have to decide if you want to reinvent yourself and go to the next level or stay comfy here.
5) ~1M+ Earnings is where you've really committed to doing "CEO stuff" most of the time and start thinking you could position yourself for a "set for life" exit, or reinvent yourself again and get a capital partner and go huge. Buyers are knocking down your door and want to dance.
Each step can be difficult, but a case could be made they get progressively easier as you go.
Buying a Business let's you skip the first 3 or 4 (arguably hardest) steps and if step 5 is a potential work-your-way within a decade to "set for life" financially, Entrepreneurship through Acquisition is one of the greatest wealth hacks on the planet.
It's not easy! But it allows you to focus on mastering the highest value set of skills further up the success ladder.
Fruition Capital retweeted
After lurking on SMBTwit, I’d like to introduce myself: “Turncoat Search Fund Guy”
I did a traditional search fund in 2017, bought in 2018, sold in 2022
2 mo ago, I turned my back on the SF model, signed a PG, and bought an SMB
7 BIG diffs btw “Search CEO” and “SMB Owner” 🧵👇
Fruition Capital retweeted
PPP Data is a goldmine for a small business buyer - I shouldn't be telling you this...
In less than 10 minutes, I found 95 'Flooring Contractors' in Texas, estimated their revenue & EBITDA based on their PPP loan data
6 steps:
1. Get PPP Payroll data for the specific NAICS industry code & geography into a spreadsheet
2. Calculate annual payroll (PPP loan is 2.5 months of payroll)
3. Estimate what payroll is as a % of revenue (this will be industry and biz)
4. Estimate annual revenue
5. Get estimated EBITDA (using your estimate of EBITDA margins typical for this biz)
6. Refine your list further by filtering by your minimum EBITDA threshold
