20mm for a K-Pop Website?! - Acquisitions Anonymous e71

Michael Girdley (@Girdley), Bill D’Alessandro (@BillDA) and Mills Snell (@thegeneralmills) discuss 2 fantastic deals in today's episode. An Online Psychic services company and a K-Pop website.

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Show Notes:

(0:00) Intro
(0:59) Bookkeeping.com
(2:00) Online Psychich Company
(5:24) Financials
(10:18) Finding the value in the deal
(12:05) Where does the traffic come from?
(13:08) Why are marketplaces beatiful?
(18:25) Marketplaces are awesome to have and hard to start
(20:53) What does "90% done" means for software projects?
(24:25) Beyond8figures.com
(25:40) International Media Company - K-Pop
(29:38) Difficulties of the deal
(34:12) Broker red flags of the deal
(38:22) Who would buy this deal?
(40:28) High asking prices and its effect on sellers.

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CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth, with a “client service first” approach. They offer a full suite of accounting services that include sophisticated reporting, QuickBooks software solutions, and full-service payroll options.

The BEYOND8figures podcast (Beyond8Figures.com) - is a podcast where entrepreneurs and experts speak up on topics related to business and life in general. Each week our guest will have interviewees from different backgrounds to discuss what helped them get ahead while succeeding at entrepreneurship; we'll learn how these people achieved success by exploring personal journeys along the way (both professionally AND emotionally). So if that's interesting to you, make sure you check us out ;).

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Past guests on Acquanon include Nick Huber, Brent Beshore, Aaron Rubin, Mike Botkin, Ari Ozick, Mitchell Baldridge, Xavier Helgelsen, Mike Loftus, Steve Divitkos, Dzmitry Miranovich, Morgan Tate and more.

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Additional episodes you might enjoy:

#62 Two Landscaping Businesses for Sale - Mike Loftus CEO of Connor's Landscaping
#66 Analyzing Software Businesses for Sale with Steve Divitkos, experienced industry CEO
#42 $900k Moving and Storage Company / $500k Rural Mini-Storage

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• Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
• Do you enjoy our content? Rate our show!
• Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.

For inquiries or suggestions, email us at contact@acquanon.com