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

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

Apr 23, 2024

Michael Weinstein shares a deal involving a luxury item technology platform raising questions about legitimacy and money laundering risks. The hosts discuss revenue sources, market expansion challenges, and questionable practices in the luxuryeverage market. They also explore investment peer groups and wealth growth strategies through transaction adjacency.

25:54

Episode guests

Michael Weinstein

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Episode notes

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Quick takeaways

The podcast discusses an online luxury marketplace with significant financial success, catering to high-end buyers and sellers of extravagant items like yachts and luxury real estate.

Concerns are raised about the legitimacy and transparency of transactions in the high-value luxury marketplace, prompting discussions on money laundering risks and tax fraud schemes.

Deep dives

Innovative Online Luxury Marketplace

The podcast episode discusses an online luxury marketplace with impressive financial figures, including over $125 million in revenue and $23 million in earnings before interest, taxes, depreciation, and amortization (EBITDA). The marketplace caters to buyers and sellers of high-end commodities like yachts, helicopters, and luxury real estate, offering unique and extravagant items for transactions. Despite charging high commissions and showcasing high margins, the platform provides a wide range of luxury goods for discerning clientele, creating a streamlined and exclusive marketplace.

Introduction

3min

Exploring a High-End Technology Platform for Luxury Item Sales

3min

Luxury Marketplace Expansion and Financial Challenges

12min

Questionable Business Dealings in the Luxury Market

5min

Exploring Investment Peer Groups and Transaction Adjacency for Wealth Growth

3min

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/109876

Thanks to this week'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

02:40 Reviewing the deal

07:35 Figuring out the business

12:06 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

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

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

Episode guests