Ep 452: Buying Distressed Businesses With Kelcey Lehrich, 365 Holdings

Send us a textDeciding to exit a business can be a difficult decision for some business owners. However, the longer you wait, the more difficult it is and the less favorable the transaction will be.In this episode, Kelcey Lehrich from 365 Holdings is back and he talks about them buying distressed businesses, what that looks like, what valuations look like right now, and what the M&A looks like.Listen and learn in this episode!KEY TAKEAWAYS FROM THIS EPISODEIf you look at any niche category, the longer you're in the game, the bigger your email list is, the more brand search you have, and the better domain authority you have.People should be leaning into demand creation and customer acquisition if their economics work. If you are motivated to sell, a good buyer will pay a good price for your business.Prices will depend on the quality of your business.Growing through acquisitions once you have a platform is a great way to scale your company.If you’re worried about your business, start sooner. The longer you wait, the harder it gets, and the less favorable that transaction probably is going to be.Get a coach, get somebody outside of yourself because you may not recognize some things when you make decisions.Recommended Tool:Triple Whale https://www.triplewhale.com/Recommended Podcasts:My First Million https://www.mfmpod.com/Business Breakdowns https://podcasts.apple.com/ph/podcast/business-breakdowns/id1559120677Invest Like the Best https://podcasts.apple.com/ph/podcast/invest-like-the-best-with-patrick-oshaughnessy/id1154105909 Think Like an Owner https://podcasts.apple.com/ph/podcast/think-like-an-owner/id1445929750Today’s Guest:Kelcey Lehrich is a co-founder and the CEO of 365 Holdings. They are a private investment company acquiring e-commerce brands, primarily selling on the internet. They currently have 9 brands in their portfolio today.Connect and learn more about Kelcey and 365 Holdings here: Website: www.365-holdings.com Twitter: https://twitter.com/kelceylehrich?lang=enLinkedIn: https://www.linkedin.com/in/kelceylehrich/Get 5 Offers for 2 Products (10 in total) along with 10 highly engaging tried and true creatives, 30 captivating headlines, descriptions, and ad texts sent to you for only $99. Go to https://www.upgrowthcommerce.com/offer and order now - this offer is only available for a limited time.Get the latest strategies, tips and case studies sent to you weekly by signing up for the free Secrets to Scaling Newsletter. Also, get first access to our Founder-Only Slack channel, our CMO Dashboard to plan out your marketing efforts and so. much. more.‘Join the Beta:https://www.secrets.upgrowthcommerce.com/