@blueprintsmb22 Experienced medspa buyer here. Iโve seen thousands of these. Margins are unsustainable. Likely has too many warts and impossible to finance
@TheSalonDon The acquired entity needs to be a C-corp, but the C-corp can own multiple LLCs. Guessing this is probably the ideal structure for your tanning salons (holdco as C-corp and individual locations as LLCs)
I immigrated to the U.S. alone 14 years ago.
Since then, America has given me a valuable education, an incredible career, amazing friends, a beautiful wife - and a place to call home.
The American Dream still exists. I couldnโt be more thankful for this country.
Happy 4th ๐บ๐ธ
Zohran Mamdani doing extremely well with college-educated voters, while the working-class overwhelmingly rejects him, is further proof that our higher education system is failing.
I love that both Warren Buffett and Bernard Arnault each bought a struggling textile business as their first acquisition.
Not glamorous. Not obvious.
But it gave them the dealmaking instincts to build empires.
Every small business has red flags.
The key is knowing which ones are deal-breakers and which ones are just the cost of buying imperfect businesses at fair prices.