When Buying a Retail Business Makes Sense
Acquiring Minds
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Mr. Liquidator Mattress
- Ken Eyjolfson acquired Mr. Liquidator Mattress, a business he initially wouldn't have considered due to its name.
- The business was selling mattresses and bedding at a single brick-and-mortar location with a strong Facebook presence (35,000 followers) built through giveaways.
- It also had about 700 five-star Google reviews and a stable manager with eight years of experience.
- The business operates out of a newer warehouse, selling brand new Serta and Beautyrest mattresses with plastic bags still on, and keeps costs down by doing so.
- Mr. Liquidator has a special wholesale agreement with Serta and Beautyrest, because they only sell their own brand, which is lower end.
- They are the largest dealer of Serta and Beautyrest in British Columbia.
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