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

$7.5M of EBITDA making superhero minifigures! Our favorite deal ever? - Acquisitions Anonymous 207

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

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Working Capital: The Most Challengesome Part of Every Deal

All of our deals are done as a multiple of SD plus inventory, which drives me bananas because you can't buy the business without the inventory. It gives the seller no disincentive for like, fastly running up the inventory count. So we don't have that. Most are going to include the inventory. Once in a while, you'll see a deal where they claim their equipment is worth this huge amount and want the price plus equipment. We can usually talk our way through those. Working capital is the problem.

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