logo
episode-header-image
Dec 2024
1h 31m

First-Timer Buys 8-Figure Business 4 Hou...

Will Smith
About this episode

Nick Molina on how he found, acquired, & plans to manage a 275-employee business in Minneapolis from his home in Miami.

Topics in Nick’s interview:

  • Taking his first company public in 1998
  • His unwillingness to retire
  • The tremendous cost of start-ups
  • Which state he won’t do business in
  • Buying a business he doesn’t have to operate
  • Importance of listening in sales
  • Living in Miami while owning a business in Minneapolis
  • What makes a good property management business
  • Using a loan broker 
  • Appeal of keeping a business in his family

References and how to contact Nick:

Get a complementary pre-acquisition HR & PEO review for your target business:

Get a free review of your books & financial ops from System Six (a $500 value):

Get a complimentary IT audit of your target business:

Connect with Acquiring Minds:

Up next
Today
When to Buy a Large Consumer Business
<p>Taylor Mattingly found high-quality revenue in an unusual and sizable B2C business that he happened to be a customer of.</p><p>Topics in Taylor’s interview:</p><ul><li>Being Co-CEO with his best friend</li><li>Buying a business he was a customer of</li><li>Acquiring a business ... Show More
1h 21m
Nov 20
The Dream Outcome: From $300k to $5m EBITDA
<p>From the acquisition of a tiny refrigeration business, Linh Tran has built an enterprise that earns millions annually.</p><p>Register for the webinar: </p><ul><li><a href="https://bit.ly/3LYM4H2">What a Good Investor Pitch Looks Like</a> -TODAY!! - https://bit.ly/3LYM4H2</li>< ... Show More
1h 53m
Nov 17
Buy Well, Exit Better: A $67m Win in 4 Years
<p>Greg Geronemus bought a highly-profitable travel business at favorable terms, helping to ensure a great return on exit.</p><p>Register for the webinar: </p><ul><li><a href="https://bit.ly/47YbVXj">What a Good Investor Pitch Looks Like </a>- Nov 20th - https://bit.ly/47YbVXj</l ... Show More
1h 36m
Recommended Episodes
Sep 15
My Dad Doesn’t Trust Me to Make Decisions for the Business
Today, we’ll hear about: A son frustrated with his dad’s way of thinking A manager whose team is upset they didn’t receive profit sharing A business owner wondering what makes a good business coach A woman whose husband hid $80,000 of debt from her Next Steps: 📞 Have a question ... Show More
55m 16s
Feb 2025
I Made $50M Buying & Running Boring Businesses
Episode 681: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk to Brent Beshore ( https://x.com/BrentBeshore ) about buying profitable businesses.  — Show Notes:  (0:00) $50K/yr to 9 figures (6:04) Accidentally buying a $1M business for $0 ( ... Show More
1 h
Mar 2025
My Business Has Cash-Flow Issues
Today we’ll hear about:  A business owner struggling to cash flow projects  A leader wanting to prepare his team for an ownership transition  How a business doubled their revenue in one year  Dave Ramsey’s advice on handling credit card fees    Next Steps  📞 ... Show More
35m 53s
Sep 12
The man who made a billion off blueberries
Want to start your own million dollar business with less than $1k? Get the guide: https://clickhubspot.com/ejn Episode 744: Sam Parr ( https://x.com/theSamParr ) and Shaan Puri ( https://x.com/ShaanVP ) talk about the insane economics of Broadway shows, the blueberry billionaire ... Show More
1h 18m
Oct 14
He Sold for $200M – Then Watched the Business Implode
Stop making million dollar decisions alone. Hampton gives you a personal board of eight vetted founders in your city who meet monthly to tackle your hardest problems. Find your group: joinhampton.comKory Mitchell built a blue collar asbestos business and sold it for $200M. When h ... Show More
36m 16s
Sep 8
I’m Nervous to Share My Financials With My Leadership Team
Today, we’ll hear about: • A businessman wondering if he should share his financials with his leadership team • A butcher looking to increase cash flow in his business • Why hiring someone quickly is not a smart move • A business owner unsure whether his company should hire an HR ... Show More
40m 7s
Apr 2025
#806: How Rich Barton Built Expedia and Zillow from $0 to $35B — Audacious Goals, Provocation Marketing, Scrabble for Naming, and Powerful Daily Rituals
<p><strong>Rich Barton</strong> is the co-founder and co-executive chairman of <a href="https://www.zillow.com/" rel="noopener noreferrer" target="_blank"><strong>Zillow</strong></a>, a company transforming how people buy, sell, rent, and finance homes. Before Zillow, Rich founde ... Show More
2h 25m
Sep 16
$12 Million Exit... Did He Just Get Lucky?
Stop making million dollar decisions alone. Hampton gives you a personal board of eight vetted founders in your city who meet monthly to tackle your hardest problems. Find your group: joinhampton.comDonald Spann built a multi-million dollar call center from scratch — with no outs ... Show More
34m 17s
Apr 2025
Should I Leverage Debt to Speed My Business Growth?
Today we’ll hear about:  An owner looking to leverage debt to rapidly expand his business  A businesswoman who’s trying to avoid bankruptcy after a costly mistake  How customer service defines company success  A father hoping to bring his kids into the family busines ... Show More
1h 1m
Mar 2025
Trial Lawyer: Here’s How to Handle Conflict in Your Business (With Jefferson Fisher)
Today, we’ll hear about:  A business owner whose partner refuses to retire  A leader looking for advice on how to seek honest feedback from her team  A family trying to ensure their company survives  A business owner seeking for advice on how to deal with a difficult ... Show More
53m 3s