Why Chenmark Bought a Boat Tour Business
Seasonal. Nonrecurring. Key person risk. Trish Higgins recounts how Chenmark got excited about an unlikely acquisition.
Topics in Trish's interview:
Building a holdco versus taking a job in private equity
What Chenmark does, why it's special
Chenmark's founders' goals: impact, interestingness, financial
Why isn't the holdco model taught in business schools?
The story of Cap'n Fish Cruises
Unit economics of a boat tour business
Is seasonality really so bad?
Managing seasonality
Are boat tour businesses attractive generally?
Finding differentiation in a crowded industry
Bait & tackle shop…
The skinny
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