Acquiring Minds

Timing is Everything: Buying a $30m Tutoring Business


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Both buyer Jared Lenner and seller Dave Serwitz share their perspectives on the acquisition of a 20-year-old business.

Register for the webinars: 

  • Investor-Backed Search and SBA: Buy Bigger, Keep Control - TOMORROW! - https://bit.ly/4qABMgn
  • Overcoming Risks from a Lender’s Perspective - Thu Nov 6th - https://bit.ly/4qDoJdV

Topics in Jared & Dave’s interview:

  • Jared buying Dave’s tutoring business
  • Dave’s motivation to sell
  • Choosing to work with Search Fund Accelerator
  • Their agreement to “assume positive intent”
  • Why Dave didn’t sell to private equity
  • How the in-person business survived Covid
  • Bookkeeper quit right after transition
  • “Other people’s money is scarier than a PG”
  • Competing with AI in the future
  • How it feels to sell your company

References and how to contact Jared & Dave:

  • Dave Serwitz LinkedIn
  • Jared Lenner LinkedIn
  • Grade Potential Tutoring
  • Marc Anderegg on Acquiring Minds: So Much Fun: The Buyer of Choice in a Fragmented Industry

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

Download the New CEO’s Guide to Human Resources from Aspen HR:

Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses:

  • Pioneer Capital Advisory

Connect with Acquiring Minds:
See past + future interviews on the YouTube channel

  • Connect with host Will Smith on LinkedIn
  • Follow Will on Twitter

Edited by Anton Rohozov
Produced by Pam Cameron

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Acquiring MindsBy Will Smith

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