Read Millionaire Fastlane
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- Dec 8, 2018
He has been trying to transition from selling to dealers to selling online. The dealer network needs some work too. There is also a licensing side of the business that has been neglected. I can go into more detail on that and really the whole business if I buy it. Their products are proprietary so I won't be worried too much about discretion once I do it. And the owner said he works about 4 hours a day. My time commitment would depend on what employees I keepBesides Amazon, a given, how else do you see improving the revenue? Are there any other things you could see doing that dramatically improve the business? What is your time committment like for this income?
3X of SDEWhat kind of multiple are they looking for?
90% confident but don't really have the experience to say for sureIn regards to Amazon, how confident are you that there's a market there?
I don't know how to forecast that. Any tips?If you add on Amazon, how much additional revenue/profit can you add on?
Thanks for all the challenging questions. I don't know how many dealers, I am waiting for a complete list from the broker. I'd say there are thousands of potential dealers. They go to one trade show a year and there should be a lot more they could go to.What about offline?
- How many dealers do you have?
- How many potential dealers are there in the U.S.?
- How did the company acquire those dealers?
- Are there tradeshows in that industry that would make it easy to add on more dealers?
I like thatAn easy way to eliminate a lot of risk is to get an option to buy the business from the owner for let's say 1 month (your due diligence period).
During that time, hit the phones. Call as many potential dealers in the U.S. as you can. Send as many emails as you can. Figure out how difficult it will be for you to grow the market. What the actual reception is from clients.
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