An Engineer's Mini Berkshire: 2 Auto Shops in 1 Year
About this episode
Sujith Shankar discusses his transition from corporate life to acquiring cash-flowing auto businesses and the challenges he faced along the way.
Sujith Shankar left 25 years in corporate to buy cash-flowing businesses: a $1.2m repair shop and a $2m body shop. Topics in Sujith interview: How Rivian layoffs changed everything Falling down the Warren Buffett rabbit hole Why auto repair beat real estate Funding a deal without an SBA loan Running a business while keeping a W-2 Winning over skeptical employees after closing Planning a mini Berkshire Hathaway Is EV adoption really a threat? Buying a second business just months later Collision shops vs. repair shops References and how to contact Sujith: LinkedIn The Billionaire Who Wasn’t by Conor O’Clery Edgar Galindo on Acquiring Minds: How 1 SBA Loan Brought Down 2 Businesses Contact Jenny to learn how Engage can run people operations in your acquisition: Jenny Thear: jthear@engagepeo.com Work with an SBA loan team focused exclusively on helping entrepreneurs buy businesses: Pioneer Capital Advisory The ecosystem for serious acquisition entrepreneurs—education, capital, community, and post-close support to buy and grow a business: The Acquisition Lab Connect with Acquiring Minds: See past + future interviews on the YouTube channel Connect with host Will Smith on LinkedIn…
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