Investment Philosophy
I am looking for a business in the greater St. Louis area that meets most of the following characteristics:
Industry
Stable annual growth - industry growth expected to continue into the future
Low seasonality or business cyclicality - minimal downside impact from recessions
Favorable competitive landscape - no dominant player and medium/high barriers to entry
Financial
Minimum earnings of $400k
History of profitability - margins >10%
High degree of recurring revenue
Low customer concentration - stable revenue from a diverse mix of customers
Company
Motivated seller - owner is eager to sell to a dedicated entrepreneur
Competitive advantage - strong value proposition and well-established relationships
Strong management in place - key employees are prepared to support future growth
Future Growth Potential - clear opportunities to drive organic growth