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Michael Girdley (@Girdley) and Mills Snell (@thegeneralmills) talk about an Armored and ATM Service in Mid-Florida. In this episode, we discuss how this business works, tail & headwinds. We try to determine why a strategic purchaser has not yet purchased this business. Mike also provided a very insightful explanation, by comparing the past and present, of how digital money is replacing traditional forms of currency and how cash value is decreasing over time.

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Thanks to our sponsor!

SMBash.com - Join us in Austin, TX, from April 27th - 30th, 2023, for one-on-one interaction with others who focus on buying, operating, and investing in the SMB and Micro-PE space.

SMBash is a live gathering of SMB, Micro-PE, and ETA owners, operators, and investors.

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Show Notes:

(00:00) - Introduction

(01:33) - Our Sponsor is SMBash

(02:55) - Deal & financials: Mid-Florida Armored and ATM Services

(05:15) - This is a hot EBITDA Margin! Is this deal legit?

(08:06) - Why hasn’t a strategic buyer bought this yet?

(11:46) - What does this business do?

(13:16) - What’s going on with cash as a payment method?

(15:38) - What do we think about the margins? Is it a red flag?

(20:38) - How did COVID affect this business?

(22:24) - Is there a Moat around hiring? 

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#144 - We spot an amazing Business Broker
#142 - Should we buy this Crossfit Gym?
#141 - A very profitable B2B Internet Business in the Petcare Vertical
#140 - Let’s SBA the heck out of this deal - with special Guest Heather Endresen

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