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Michael Girdley (@Girdley) and Mills Snell (@thegeneralmills) talk about a deal on a full-service Marina located around the Sarasota area, Florida. We dug deep into the financials, and particulars and found some pretty fun insights about this deal. Find out if this is a good buy for you or if you should scroll past this deal.

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Acquisitions Anonymous episode 120
Show Notes:

(00:00) - Introduction

(00:32) - Deal & financials: A Marina in Florida

(03:03) - They have a Tiki Bar!

(06:20) - What are our thoughts about the margins? Is there a risk associated with the revenue sources?

(09:39) - What is going on with PE-backed capital in this niche?

(10:28) - Is this $2M in cash flow real? How did they get to this number?

(12:07) - Where do all the cash flow and revenue come from?

(15:33) -Who’s selling this? What can we infer from that?

(17:02) - Our sponsor is Morenow!

(18:52) -How complicated is it to run a marina?

(20:05) -Who would buy this? Where is the value?

(25:12) - What do we like about this?

(25:33) - Are you up for Michael’s Challenge?

(26:05) -Leave us a review on your favorite podcast platform!

Did you like this episode? Leave us your feedback in the comments!

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Links:

Subscribe to the podcast if you’d like to listen instead:
https://podcasts.apple.com/us/podcast/acquisitions-anonymous/id1533153678
https://open.spotify.com/show/4rbeAODKXwwEOxf905He22
Looking to become a sponsor? Write us an email at mirko@girdley.com

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834: 12/9 Hour 2: Fantasy Football Week 14 Ranks