High End Marketplace with $23m in EBITDA- luxury or illegal? - Acquisitions Anonymous 291

Acquisitions Anonymous - #1 for business buying, selling and operating

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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:

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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

02:40 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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