Cody Agee thought food testing would be a good recession-resistant business to buy. 2 weeks later, one listed for sale.

Topics in Cody interview:

• Bypassing business school
• Cashing out his 401(k) without using ROBS
• Buying a food safety and testing lab
• The moat of licensing requirements
• His advantage over much larger competitors
• Adjusting purchase price based on quality of earnings report
• Finding investors on Twitter
• Personally guaranteeing the seller note
• How he uses EBITDAR vs. EBITDA
• Putting in an enterprise resource planning (ERP) system

References and how to contact Cody:

• LinkedIn
• Twitter/X
• [email protected]
• Sierra Dairy Laboratory
• Dino Sawaya

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• Smithlist - Operate & Lead a Business

Work with an SBA broker who focuses exclusively on helping entrepreneurs buy businesses:

• Matthias Smith of Pioneer Capital Advisory

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• Oberle Risk Strategies - Search Fund Team

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