One Couple, 4 Kids, and a Business 3 Hours Away | Gabe & Kristen Perez Interview

Gabe and Kristen Perez were both frustrated by the state of their professional lives. Gabe was deeply disillusioned by corporate life after pouring himself into his company and his team, only to be forced to lay them off when the company's fortunes turned. Meanwhile Kristen, having paused her career for 10 years to be at home with the kids, was ready to rejoin the workforce but finding scant options to do so in a way that made sense. Speaking of kids, the couple has 4, and the prospect of putting them all through college loomed. Finally, behind all of this was the impulse, not to merely pay the bills, but to build some wealth for the family and their kids. Buying a business addressed all these issues — even when the business they ultimately acquired is 3 hours away. (We spend time on how they've made that work, and that there are even some benefits to it.) Please enjoy this interview with Gabe and Kristen Perez, owners of Refrigerated Structures of New England.

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00:00:00. Intro to Gabe Perez
00:07:39. Intro to Kristen Perez
00:12:49.Kristen’s frustration with finding a job
00:17:17. Gabe's professional crisis
00:29:23. Gabe and Kristen consider small business
00:36:52. Their motivation to buy a business
00:40:54. Gabe and Kristen start searching
00:44:33. Managing a business three hours away
00:48:15. Involving Kristen in the business
00:52:40. The company they bought
00:55:36 Project opportunities and challenges
01:00:43. Focusing on Smaller Jobs
01:07:23. Financial details and deal structure
01:13:02. The price of buying a growing business
01:19:47. Personal and family impact

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ABOUT Acquiring Minds
Acquiring Minds is a podcast about buying businesses. Acquiring an existing business is an awesome opportunity for many entrepreneurs, and host Will Smith talks to the people who do it. New episodes 2x per week.

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