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Michael Girdley (@Girdley) and Mills Snell (@thegeneralmills) talk about a deal on a full-service Marina located around the Sarasota area, Florida. We dug deep into the financials, and particulars and found some pretty fun insights about this deal. Find out if this is a good buy for you or if you should scroll past this deal.
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Acquisitions Anonymous episode 120
(00:00) - Introduction
(00:32) - Deal & financials: A Marina in Florida
(03:03) - They have a Tiki Bar!
(06:20) - What are our thoughts about the margins? Is there a risk associated with the revenue sources?
(09:39) - What is going on with PE-backed capital in this niche?
(10:28) - Is this $2M in cash flow real? How did they get to this number?
(12:07) - Where do all the cash flow and revenue come from?
(15:33) -Who’s selling this? What can we infer from that?
(17:02) - Our sponsor is Morenow!
(18:52) -How complicated is it to run a marina?
(20:05) -Who would buy this? Where is the value?
(25:12) - What do we like about this?
(25:33) - Are you up for Michael’s Challenge?
(26:05) -Leave us a review on your favorite podcast platform!
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Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.