Podknife - Passion, Meet EBITDA: The Joy of Buying an Art Gallery by Acquiring Minds

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Passion, Meet EBITDA: The Joy of Buying an Art Gallery

Podcast |: Acquiring Minds
Publisher |: Will Smith
Media Type |: audio
Podknife tags |: Business,; Entrepreneurship,; Interview,; Investing,; Mergers & Acquisitions
Categories Via RSS |: Business,; Entrepreneurship,; Investing
Publication Date |: Nov 06, 2023
Episode Duration |: 01:39:41

Sean Moore looked at a handful of businesses, but a fine art gallery with over $1m SDE won the art collector's heart.

Topics in Sean’s interview:

Pulling $1M out of his 401k to buy an art gallery
How his gallery brings in $1M in SDE
The ecommerce aspect of the gallery
The additional revenue stream of a frame shop
Opportunities to improve the gallery website
His peer group that supported his search
Choosing a passion business over a “boring” one
Forming a connection with the seller
Using ROBS for acquisitions
Negotiating earnest money with the seller

References and how to contact Sean:

Connect with A-players who can run your business remotely:

More Staffing

Get complimentary due diligence on your acquisition's insurance & benefits program:

Oberle Risk Strategies - Search Fund Team

Connect with Acquiring Minds:

See past + future interviews on the YouTube channel
Connect with host Will Smith on LinkedIn
Follow Will on Twitter

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