High End Marketplace with $23m in EBITDA- luxury or illegal? - Acquisitions Anonymous 291

In this episode of Acquisitions Anonymous, Michael, Bill, Heather, and Mills review a fascinating deal shared by one of our listeners, Michael Weinstein. This potentially dubious business deal involves a technology platform for selling luxury items. As we analyze the details, including impressive sales figures and margins, questions arise about the legitimacy of the transactions and the business's association with website closers. The discussion navigates through various topics, from the intricacies of luxury marketplaces to money laundering risks.

Check out the listing here: https://www.websiteclosers.com/businesses/technology-platform-to-expedite-the-sale-of-luxury-items-projected-30-yoy-sales-growth-28-margins-3-billion-in-items-launched-so-far/109876

Thanks to this week's sponsor:

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Show notes:

00:00 Intro

02:40 Reviewing the deal

07:35 Figuring out the business

12:06 Did we find the seller?

13:35 The elephant in the room: is this legit?

16:10 Is this best way to sell luxury items? 

19:25 Doing due diligence 

21:06 Similar businesses review 

20:08 Final Thoughts 

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