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
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
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.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
