What It’s Like To Buy A Business Out Of State

If you go through Acquira’s training, one phrase you’ll see a lot is “location agnostic.” What that means is basically, the more places that you’re willing to look to buy a business, the more likely it is that you’ll find one that matches your unique investment thesis.

But of course, buying something in a different state or a different region of the country comes with its own host of problems and issues that you might have to navigate. It can include uprooting your family if you buy in a different state or leaving friends and family behind as you work to grow the business. 

One acquisition entrepreneur who recently went through a situation like this is Ken Lavertu. He lived with his wife and three kids in South Carolina where he had sold his previous business. Eventually, he decided to acquire another business and bought a company that manufactures and installs granite countertops in Florida. This meant having to move his family from South Carolina to Florida, where they knew nobody, so Ken could dive into growing the business. 

We wanted to look at what it truly takes to be location agnostic, so we talked to Ken about what he learned through the process and what advice he has for fellow Acquisition Entrepreneurs.