Should we buy a CBD shop? - Acquisitions Anonymous Episode 125
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Michael Girdley (@Girdley) Bill D’Alessandro (@BillDA) and Mills Snell (@thegeneralmills) talk about an established herbal and CBD shop in Central Texas. We go deep diving into this hidden gem and have you think about whether or not we like this deal.
We’ll uncover the likelihood of having a lawyer as the broker (How to go around that), RE considerations & the Girdley technique to buy a business in ANY market.
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Show Notes:
(00:00) - Introduction
(00:22) - Our Sponsor is MoreNow.co
(01:27) - HOT LISTING PRICE DROP!
(01:48) - Deal & financials: Established herbal and CBD shop in Central Texas
(02:40) - Is this deal a hidden gem?
(04:59) - Why would you sign a lease where a competitor is?
(06:22) - OK, pros and cons of this deal from Bill’s view.
(07:23) - What are the perks of being a lawyer in the State of Texas?
(11:00) - What is the place of this business in the value chain? What is going on with CBD retail?
(14:34) -What’s going on with CBD eCommerce on Social Media and Big Platforms? How does that impact your CAC?
(16:40) - Is this business sellable at all? How could you make this work?
(19:28) - The “Boomer” wealth transfer: Real vs. Zombie businesses
(23:15) - How to buy a business in ANY market? The @Girdley technique!
(26:26) - What is the bull case for this deal?
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Additional episodes you might enjoy:
#122 ATMs are a sick business. Cash is King!
#121 An eCom business at 2x profits?!
#106 A Pet Product and Saas business for sale - Which one do we like?
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- Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.
- Do you enjoy our content? Rate our show!
- Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.
Episode Transcript
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