58. How to Find, Buy, & Grow a Shop with Mike Fritz from Quick Tek Machining Part 2

July 17th, 2024

About Quick Tek Machining:
QTM is a fast growing machine shop that serves many different industries including robotics, automotive, boating, motorcycles and more.

Follow Mike and Quick Tek Machining on social media:
Mike's Personal LI: /mikefritzrealestate
Company LI: /quick-tek-machining


LATEST EPISODE

July 17th, 2024

58. How to Find, Buy, & Grow a Shop with Mike Fritz from Quick Tek Machining Part 2

In this Part 2 episode with Mike Fritz of Quick Tek Machining, we first learn about the factors that make a shop saleable and valuable. Mike then shares his process for deciding what type of shop to buy, where the sources of possible deals are, and which specific shop he wants to buy. Then how to value the business and structure the deal. We then discuss how to structure the team and org chart so that he can rely on a team to run the business while he finds the next company to buy. It’s a simple and scalable model that anyone can follow to get into the industry, or grow within the industry to generate significant value for their shareholders!
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