Neville Wright was growing his retail empire, Kiddicare, organically from a £40 Million business, to a £200 Million business.
But he realised that for every step up in growth, it required building new teams and systems to cope with the increased demand.
Each of those steps would take years, so he decided to "shortcut" his business growth, by acquiring other businesses, and bolting on their premises, staff and infrastructure onto his existing business.
On his journey to £200 Million, he was offered £70 Million for his business - a world record price for a Mum & Dad store, that he thinks will never be beaten...
#businessgrowth #businessacquisition #buyingabusiness
5 июн 2024