Buyers and Builders How I Buy Machinery, Make Millions in Net Profit and Work 3-4 Hours a Week | Ujwal Velagapudi Interview
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Jan 5, 2024 Ujwal Velagapudi, a 32-year-old entrepreneur, runs a lucrative vending empire called UV Holdings with thousands of machines. He shares his journey of building an 8-figure EBITDA holding company without prior experience, often working just 3-4 hours a week while traveling the globe. Ujwal discusses how he funds acquisitions, manages operations single-handedly, and automates business functions. His key takeaway? "Just go and do it!"—an inspiring mantra for aspiring entrepreneurs looking to break into the business world.
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Transition to Vending Machine Empire
- Ujwal's first business was a sports bar, then a gym, then ecommerce, and more.
- Eventually, he found the vending machines business through an organic roll-up of multiple acquisitions.
Creative Financing Strategies
- Early acquisitions were financed mostly with personal cash, savings, and high-interest personal loans.
- Later deals were financed with SBA loans, seller notes, and investor loans with no out-of-pocket expense.
DIY Due Diligence and Learning
- Ujwal did nearly all diligence and deal structuring by himself without consultants.
- He believes hands-on experience and learning from mistakes outweigh formal training or hiring external help.
