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