In this episode of Acquisitions Anonymous, Mills, Heather and Bill reveal a fascinating deal: a 35-year-old online ticket brokering business with a unique twist. The company specializes in the secondary market for highly sought-after event tickets, bragging a devoted clientele and generating substantial revenue. However, the deal comes with its own set of challenges and risks. While the business offers lucrative opportunities, particularly with its affiliate program for travel agents, there are concerns about its transferability, dependence on speculative ticket purchases, and potential legal issues with ticket resale. We explore various angles, highlighting the pros and cons of acquiring such a business and offering insights into the complexities of evaluating and structuring deals in similar markets.
Check out the listing here: https://www.websiteclosers.com/businesses/35-year-online-ticket-brokering-company-secondary-marketplace-for-concert-sporting-event-theater-tickets-sba-pre-qualified-80-000-affiliates/109347/
Thanks to this episode'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
02:30 Heather's business trip
04:18 A Ticket brokering business
10:25 One-man business challenges
11:19 Dropshipping inventory
13:06 Speculation Business
16:47 Travel +events + Affiliates
18:49 Ins and Outs of the Business
22:14 Is this a Pre-qualified business?
24:56 How Mills would run this business
29:36 Final Thoughts
31:48 Thumbs up /Thumbs down
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