sudarshan (@ItzSuds) posted an investor update from his Roofing Roll-Up

Brief

sudarshan (@ItzSuds) posted an investor update from his Roofing Roll-Up: the stake has compounded at a 320% IRR and is now ~16x in roughly 2.4 years. He acquired the business last year with a career CFO (Kentucky) for $200k equity + $700k seller note + $700k SBA on $1.2M revenue and -$110k EBIT; AI-led ops cuts have pushed projections to $3.2M revenue and $735k EBIT, and he put his entire small Self-Directed IRA into the deal.

Got an investor update today from my Roofing Roll-Up firm. The position has compounded at a 320% IRR since investment & is worth ~16x, in a little over 2.4 years.

I aped my entire (very small) Self Directed IRA into this & have never contributed to my retirement again. God Bless

sudarshan (@ItzSuds)

I started a Roofing Roll-Up firm last year w a career CFO from Kentucky.

Bought for $200k equity, $700k seller note financing, $700k SBA on $1.2m rev, -$110k EBIT.

Streamlined ops (thx AI) & brought in my fav investors. Will end the year at $3.2m rev spitting out $735k of EBIT.

— https://nitter.net/ItzSuds/status/1911571950490841421#m