Passion, Meet EBITDA: The Joy of Buying an Art Gallery
Nov 06, 2023•1 hr 40 min
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Episode description
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:
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