Acquisitions Anonymous - #1 for business buying, selling and operating Is This Hamptons Lighting Business Worth $1.25 Million? - Acquisitions Anonymous 293
Apr 30, 2024
Hosts discuss potential purchase of upscale Hamptons lighting company, analyze financials and challenges. Explore complexities of lighting projects, importance of growth plan. Delve into real estate trends in Montauk, creative marketing strategies. Explore apprenticeship model for architectural lighting, transition to business ownership.
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Customer Acquisition
- This Hampton's business likely acquires customers through incidental word-of-mouth and reputation.
- Customer acquisition is a concern, but presents the biggest growth opportunity.
Growth Strategies
- Consider growth strategies for this business beyond its current neighborhood and price point.
- Think about marketing expenses to reach a broader audience.
Growth Planning
- In the current interest rate environment, have a deliberate growth plan when buying a business.
- Growth mitigates downside risks from debt at high interest rates.