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Passion, Meet EBITDA: The Joy of Buying an Art Gallery

Passion, Meet EBITDA: The Joy of Buying an Art Gallery

Published 2 years, 10 months ago
Description

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 gallery
  • How his gallery brings in $1M in SDE
  • The ecommerce aspect of the gallery
  • The additional revenue stream of a frame shop
  • Opportunities to improve the gallery website
  • His peer group that supported his search
  • Choosing a passion business over a “boring” one
  • Forming a connection with the seller
  • Using ROBS for acquisitions
  • Negotiating earnest money with the seller

References and how to contact Sean:

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