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The Next Step
Pete Seligman
78 episodes
8 months ago
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Entrepreneurship
Business
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Entrepreneurship
Business
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EtA Downunder - Episode 2
The Next Step
14 minutes 4 seconds
1 year ago
EtA Downunder - Episode 2
G'day, I'm Pete Seligman. There are a growing number of people thinking about buying a business in this region, but it can be hard to see what that actually looks like. So to help bring one part of that process to life, I've teamed up with my mates Jason Andrew and James Frank to throw some businesses on the table and share our raw thoughts on each. This is Eta down under. We hope you enjoy it. In the latest "Eta Down Under" segment, we delved into the potential acquisition of a high-end beauty business in Queensland. Despite its 4.2 million dollars in revenue and 900 thousand dollars in earnings, we expressed skepticism about scalability and raised concerns about the discretionary nature of the industry, cyclicality, and potential revenue decline. We discussed challenges in creative businesses, particularly jewelry, scrutinizing intellectual property protection, scalability, and the potential for navigating larger corporate customers. Premium candle, body-products, & gifts business Brisbane-based Inhouse manufacturing of biggest selling product, import suite of other products sells to large network of retails (B2B) and D2C through online channels EBITDA: $0.9m Part-time owner, skilled team in place 2,800+ B2B clients including several contracted customers Link to enquire: https://resolve.com.au/business/wholesale-trade/highend-home-body-and-gift-business Manufacturer and wholesaler of high-end homewares, jewellery, and giftware products marketed under company-owned brands, which are positioned at the premium end of the market. The business has a strong network of suppliers for its whole range, including its contract-manufactured jewellery range. Perfect bolt-on acquisition for trade buyers looking to enter or expand in the gift, e-commerce, homewares, or bath & body product sectors. The verdict on whether we decided to embrace or pass on this intriguing venture? Well, you'll have to tune in to the next episode of "Eta Down Under" to find out! Thanks for listening. I hope you enjoyed it. If you want to learn more, please hit us up on LinkedIn. You can find all three of our profiles in the show notes below and stay tuned. For the next episode. Follow Pete on YouTube: http://www.youtube.com/@PeteSeligman Connect with Pete: https://www.linkedin.com/in/peteseligman/ Connect with James: https://www.linkedin.com/in/james-frank-905b2155/ Connect with Jason: https://www.linkedin.com/in/jason-andrew/
The Next Step