Action Academy | Millionaire Mentorship For Your Life & Business He Bought A $750k Business From A TWEET (Here's What Happened Next....) w/ Chandler Reed
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Mar 13, 2026 Chandler Reed, an entrepreneur who bought and revived a commercial contracting firm after spotting the opportunity on a tweet. He recounts finding a distressed $10M business sold for $750K, using creative deal structures like earnouts and no personal guarantees. Conversation covers hands-on turnarounds, stabilizing revenue with service diversification, aligning sellers, and practical tactics for learning and executing in the first 90 days.
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Avoid Personal Guarantees Strategically
- Avoid personal guarantees when possible and use entity structures or state protections to shield personal assets.
- Tactics include trusts, putting assets in a spouse's name, homesteading in Florida, or using HELOCs to stay under thresholds.
Seller Earnouts Create Alignment
- Seller earnouts align incentives and protect buyers from absentee owners abandoning transition.
- Chandler's earnout required minimum quarterly payments or a percent of gross profit, and the seller helped so they repaid the note in ~25 months.
Rapid Revenue Swing And Humbling Market Cycle
- Year one post-acquisition was $900K top line with profits used to aggressively pay seller debt and no owner distributions.
- Year two jumped to $3M due to a hot post-COVID commercial real estate market, then later fell as interest rates halted transactions.
