Passion, Meet EBITDA: The Joy of Buying an Art Gallery
Acquiring Minds · Will Smith
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About this episode
Sean Moore looked at a handful of businesses, but a fine art gallery with over $1m SDE won the art collector's heart. Topics in Sean’s interview:Pulling $1M out of his 401k to buy an art galleryHow his gallery brings in $1M in SDEThe ecommerce aspect of the galleryThe additional revenue stream of a frame shopOpportunities to improve the gallery websiteHis peer group that supported his searchChoosing a passion business over a “boring” oneForming a connection with the sellerUsing ROBS for acquisitionsNegotiating earnest money with the sellerReferences and how to contact Sean:[email protected] LevellFascination St. Fine ArtJeff BaughmanGuesswork Investing
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