“Between those two markets, Spain and Portugal, there are 1300 campsites and they bought 17 and they're the biggest player”
Buyers and Builders · I Met Roll-Up and Serial Acquisition Outliers. Here’s What I Learned
Play from 16:51
16:51
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What was described
target ultra-fragmented niche markets (campsites, marinas, car washes), acquire many small players to become the market leader
1300 campsites in Spain/Portugal; bought 17 to become biggest player
Said nearby on the same subject
“You just go, how many people are in the market? how many garage door needs do they have? you just ask some simple question that it's going to tell you whether it's a good market to go into or not.”
“When the market was from an inflow perspective, 45% of the inflows were in small cap. We were sitting without a small cap in the market… you shouldn't rush into it”
♫
Said on The Core Report
Contrarian take45% of inflows were in small cap; no small-cap fund launchedShare this moment
“There's a market now for portable extinguishers that… are targeted towards these types of fire”
“You'll always be going to spend more in a market on a new market than you do in an existing market… 15 to 20 percent for marketing in the new market… goal is to get your marketing somewhere around 10 percent or under.”