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Acquiring Minds

The Double Life of Owning a Business 2.5 Hours Away

91 min • 22 april 2024

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John Murphy pushed through divorce, $500k debt, and a bad broken deal to finally buy a 60-year-old business doing $8m.

Topics in John’s interview:

  • Losing a deal one week before closing
  • Value of peer groups
  • How real estate compares to business ownership
  • Taking over a company before the deal closed
  • Unforseen transition expenses
  • Carl Allen’s business buying course
  • Leaving his W-2 to search for a business
  • Value of joining industry associations
  • Restructuring his workforce to increase margins
  • Buying a company with a management layer

References and how to contact John:

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