By David Repka
In an earlier blog post I mentioned my relationship with a “socially conscious” investor looking to invest equity in companies (and commercial real estate projects) that can get Floridians back to work. If that post was the view from 50,000 feet let me bring the view down to 10,000 feet so some additional details can be seen. We have been honored to view dozens of business plans and have clarified what our investors like and more importantly, what they don’t like. What we like so far:
- Medical Practice Management Companies (Dental – Urgent Care – specialty)
- Medical Office Buildings in close proximity to hospitals
- Assisted Living Facilities (ALFs) / Memory Care Facilities
- Hotels (2.5 star or better – we would call newer, purpose built Holiday Inn Express / Hilton Garden Inn the base of what we are seeking)
- Single Tenant Retail Leased to Credit Tenants / Small Retail Centers Leased to Nationally Known Tenants / Retail Shopping Centers that are Old, Tired, Riddled with Vacancies and Need a Refresh
- Green Businesses focused on Recycling & Sustainable Practices
- Open to new ideas that are logical, repeatable and scalable
Florida is first… Texas is next!
While the politicians in Washington and on the campaign trail talk and talk about creating jobs, I’m aligned with investors that are actually writing checks. If you have an opportunity to discuss please call me, send me an email or a connection request on LinkedIn. Our investors obviously can’t do every deal, but promise to review your presentation quickly and get you a definitive “yes” or “no” answer rather than a long, drawn out “maybe”.
What is the biggest limitation to growing your business? Is it access to capital? If it is…. I’m working with a socially conscious investor that will back startups, leveraged buyouts, recapitalizations & growth plans for businesses that are creating jobs in Florida (sorry, not interested in any other states or countries at this point). We are looking to allocate capital to experienced entrepreneurs that have the ability to create jobs in the Sunshine State.
The ideal business sells/manufactures/distributes/produces or is a service that folks:
- Can’t live without
It should also:
- Offer unlimited opportunities at entrepreneurial scale not just opportunities for multi-billion dollar multi-national corporations
- Be logical / repeatable / scalable / cookie-cutterable
- Have physical / financial / intellectual barriers to entry
- Be an industry you are proud to tell your mother or your kids about
- Be managed by an entrepreneur with a spotless reputation for quality, integrity and character
- Have the ability to create 50+ jobs per year
If we are not already connected on LinkedIn, please send me a connection request and let’s begin a dialogue.
Written by a third grader, on what his grandparents do.
After Christmas, a teacher asked her young pupils how they spent their holiday away from school. One child wrote the following:
We always used to spend the holidays with Grandma and Grandpa. They used to live in a big brick house, but Grandpa got retarded and they moved to Arizona . Now they live in a tin box and have rocks painted green to look like grass. They ride around on their bicycles, and wear name tags, because they don’t know who they are anymore. They go to a building called a wreck center, but they must have got it fixed because it is all okay now, they do exercises there, but they don’t do them very well.
There is a swimming pool too, but they all jump up and down in it with hats on. At their gate, there is a doll house with a little old man sitting in it. He watches all day so nobody can escape. Sometimes they sneak out, and go cruising in their golf carts. Nobody there cooks, they just eat out. And, they eat the same thing every night – early birds. Some of the people can’t get out past the man in the doll house. The ones who do get out, bring food back to the wrecked center for pot luck. My Grandma says that Grandpa worked all his life to earn his retardment and, says I should work hard so I can be retarded someday too. When I earn my retardment, I want to be the man in the doll house. Then I will let people out, so they can visit their grandchildren.