82 - How to Buy & Run a $10M Textile Biz with a $3M Moat with Kevin Bibelhausen

🚨MY NEWSLETTER https://nikolas-newsletter-241a64.beehiiv.com/subscribe 🚨Join me, Nik (https://x.com/CoFoundersNik), as I sit down with Kevin Bibelhausen (https://x.com/bibelhausen) owner of a $10M textile business based in North Carolina. Kevin shares how he acquired the business through a self-funded search, and what it takes to run a working capital-intensive operation in the textile industry. From being in healthcare and tech to now dealing with textiles that have appeared in major movies like Star Wars, Kevin’s journey is unconventional, full of challenges, and packed with insights about finding opportunities in industries others might overlook. Questions this Episode Answers:How do you acquire a $10M textile business through a self-funded search?What makes the textile business unique and what’s Kevin’s moat?How can creativity from a background in music be applied to entrepreneurship?What are the key operational challenges in running a textile business?How does Kevin leverage international suppliers and a strong team to grow the business?__________________________Love it or hate it, I'd love your feedback.Please fill out this brief survey with your opinion or send me an email at [email protected] with your thoughts.__________________________MY NEWSLETTER: https://nikolas-newsletter-241a64.beehiiv.com/subscribeSpotify: https://tinyurl.com/5avyu98yApple: https://tinyurl.com/bdxbr284YouTube: https://tinyurl.com/nikonomicsYT___________________________This week we covered:00:00 Introduction to the Textile Business02:50 Understanding the Textile Supply Chain06:11 Transitioning from Healthcare to Textiles09:01 The Challenges of Raising Capital11:54 The Role of Technology in Textiles14:48 Navigating the Textile Market Dynamics22:27 Inventory Management and Competitive Advantage29:46 Growth Strategies and Market Dynamics35:57 Future Vision and Business Model42:30 Personal Reflections and Entrepreneurial Journey