How to Buy a $20m Business as a First-Timer

About this episode

Alan Turkus shares his journey of acquiring a $20 million business and the lessons learned along the way.

When Alan Turkus found a business with a mission, he knew he'd found the right fit for the final chapter of his career. Topics in Alan’s interview: Background in book publishing Post-MBA career in tech Taking a career break to raise his son From co-op cashier to co-CEO Seeking security through business ownership Acquiring a home health and hospice franchise Raising equity from search investors Retaining a little over 50% ownership Structuring with 2 forgivable seller notes The advantage of buying a bigger business References and how to contact Alan: LinkedIn Interim Healthcare of Twin Cities Elliott Edge on Acquiring Minds: 1 Business vs Many: Deciding to Roll Up Grant Hensel of Entrepreneurial Capital Jacob Hall of Kando Capital PROX Capital Group 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 and produced by Pam Cameron

People in this episode

Host: Will Smith

Guest: Alan Turkus

Topics covered

• business acquisition
• entrepreneurship
• healthcare franchise
• investment strategies
• ownership structure

Keywords

• business acquisition
• healthcare franchise
• equity raising
• ownership structure
• entrepreneurship

Mentioned in this episode

Organizations: Interim Healthcare of Twin Cities, Elliott Edge, Entrepreneurial Capital, Kando Capital, PROX Capital Group

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• The Magic of Low Multiple + Growth · May 25, 2026 · 1h 34m
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