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

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/109876Thanks 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 dealsShow notes:00:00 Intro02:40 Reviewing the deal07:35 Figuring out the business12:06 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  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