58. How to Find, Buy, & Grow a Shop with Mike Fritz from Quick Tek Machining Part 2

58. How to Find, Buy, & Grow a Shop with Mike Fritz from Quick Tek Machining Part 2

Author: Paul Van Metre July 17, 2024 Duration: 1:09:29

58. How to Find, Buy, & Grow a Shop with Mike Fritz from Quick Tek Machining Part 2

In this Part 2 episode with Mike Fritz of Quick Tek Machining, we first learn about the factors that make a shop saleable and valuable. Mike then shares his process for deciding what type of shop to buy, where the sources of possible deals are, and which specific shop he wants to buy. Then how to value the business and structure the deal.  We then discuss how to structure the team and org chart so that he can rely on a team to run the business while he finds the next company to buy.  It's a simple and scalable model that anyone can follow to get into the industry, or grow within the industry to generate significant value for their shareholders!

About Quick Tek Machining:
QTM is a fast growing machine shop that serves many different industries including robotics, automotive, boating, motorcycles and more.

Follow Mike and Quick Tek Machining on Social Media:
Personal LI: /mikefritzrealestate
Company LI: /quick-tek-machining


Paul Van Metre hosts Machine Shop Mastery, a conversation grounded in the real-world challenges and triumphs of running a precision manufacturing business. This isn't about abstract theory; it's a deep dive into the shop floor, focusing on the practical strategies that turn a technical skill into a sustainable and growing enterprise. Each episode pulls back the curtain on the operational, financial, and personal leadership aspects that define a successful shop, moving beyond the blueprints to talk about building a resilient business. You'll hear candid discussions about navigating client relationships, managing cash flow, investing in the right equipment, and developing a team that can execute complex work. The podcast aims to underscore the critical role these businesses play as community anchors and economic engines, often overlooked in broader industry talks. For current shop owners, the insights offer a path to refine their operations and boost profitability. For aspiring entrepreneurs with a passion for machining, these conversations provide a clear-eyed look at what it truly takes to launch and scale. Tune in for straightforward advice and stories that connect the craft of machining with the art of building a lasting legacy.
Author: Language: en-us Episodes: 100

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