Fleet Packaging
A packaging distributor that works with large retailers in the US, providing various types of packaging solutions including bags.
Why It Works
The business taps into a consistent demand for packaging solutions from retailers, simplifying the procurement process and offering warehousing and distribution services.
Revenue & Traction
The business had been generating $8 to $11 million in revenue per year with approximately $800,000 in profit at the time of purchase. The revenue grew to $13.8 million in the last year after acquisition.
Founding Story
Dan, who had no prior experience in business ownership, was encouraged by a friend to buy a business, which led him to acquire Fleet Packaging, a company that had been around for about 15 years.
Business Playbook
Key strategies included utilizing an SBA loan for financing, effective positioning and marketing of the business, and leveraging existing relationships to grow revenue.
Additional Information
Dan put down $200,000 to buy the business, which included personal savings and a loan from his wife's 401K. The acquisition was structured to include a forgivable seller note to mitigate financial risk.
Source
Podcast: My First Million
Episode: How I Bought a $3.4M Business For $200K
Creation Date: July 4, 2025
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