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In this episode of Acquisitions Anonymous, Michael, Bill, Heather, and Mills review a fascinating deal shared by one of our listeners, Michael Weinstein. This potentially dubious business deal involves a technology platform for selling luxury items. As we analyze the details, including impressive sales figures and margins, questions arise about the legitimacy of the transactions and the business's association with website closers. The discussion navigates through various topics, from the intricacies of luxury marketplaces to money laundering risks.

Check out the listing here: https://www.websiteclosers.com/businesses/technology-platform-to-expedite-the-sale-of-luxury-items-projected-30-yoy-sales-growth-28-margins-3-billion-in-items-launched-so-far/109876

Thanks to this week's sponsor:

CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.

Learn how to buy a business.
If you are interested in buying a business but unsure how to start, you should check Michael's Buy a Business Course:
You will learn:
• Build a thesis for the type of business that's right for you‍
• Learn how to stand out in a sea of buyers
• Create a working, scalable Deal Engine getting you leads
• Maximize your chances of finding great deals

Show notes:

00:00 Intro

02:40 Reviewing the deal

07:35 Figuring out the business

12:06 Did we find the seller?

13:35 The elephant in the room: is this legit?

16:10 Is this best way to sell luxury items?

19:25 Doing due diligence

21:06 Similar businesses review

20:08 Final Thoughts

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• Do you enjoy our content? Rate our show!
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For inquiries or suggestions, email us at contact@acquanon.com

In this episode of Acquisitions Anonymous, Mills, Heather and Bill reveal a fascinating deal: a 35-year-old online ticket brokering business with a unique twist. The company specializes in the secondary market for highly sought-after event tickets, bragging a devoted clientele and generating substantial revenue. However, the deal comes with its own set of challenges and risks. While the business offers lucrative opportunities, particularly with its affiliate program for travel agents, there are concerns about its transferability, dependence on speculative ticket purchases, and potential legal issues with ticket resale. We explore various angles, highlighting the pros and cons of acquiring such a business and offering insights into the complexities of evaluating and structuring deals in similar markets.

Check out the listing here: https://www.websiteclosers.com/businesses/35-year-online-ticket-brokering-company-secondary-marketplace-for-concert-sporting-event-theater-tickets-sba-pre-qualified-80-000-affiliates/109347/

Thanks to this episode's sponsor:

Have you thought about exiting your current online business or buying one to start a new journey as an entrepreneur but have no idea where to start? Unlock business opportunities with Boopos.com! Boopos is the #1 platform for buying and selling profitable online businesses with built-in acquisition financing for qualified buyers. At Boopos.com, you can source opportunities from Boopos exclusive listings and other marketplaces or bring your own proprietary deal flow for approval. Boopos can offer pre-approved financing for recurring revenue businesses, allowing you to access fast funding with no personal guarantees.

Want to find out more? Go to go.boopos.com/michaelgirdley, sign up, and get qualified to sell your business or find your next deal.
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Learn how to buy a business.
If you are interested in buying a business but unsure how to start, you should check Michael's Buy a Business Course.
You will learn:
• Build a thesis for the type of business that's right for you‍
• Learn how to stand out in a sea of buyers
• Create a working, scalable Deal Engine getting you leads
• Maximize your chances of finding great deals

Show Notes:

00:00 Intro

02:30 Heather's business trip

04:18 A Ticket brokering business

10:25 One-man business challenges

11:19 Dropshipping inventory

13:06 Speculation Business

16:47 Travel +events + Affiliates

18:49 Ins and Outs of the Business

22:14 Is this a Pre-qualified business?

24:56 How Mills would run this business

29:36 Final Thoughts

31:48 Thumbs up /Thumbs down

• Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
• Do you enjoy our content? Rate our show!
• Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.

For inquiries or suggestions, email us at contact@acquanon.com