How He Bought a $1.37M Business WITHOUT Quitting His Job
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How He Bought a $1.37M Business WITHOUT Quitting His Job
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In this episode, John Manahan breaks down how he negotiated a yoga studio business down from $2.5M to $1.375M, the franchise bombshell that almost killed his deal three days before close, and how he's running 2 studios on a 1-hour weekly call with his district manager while still billing full hours at Deloitte.
◼️ How he got a business that had been sitting on the market over a year down to less than half its original asking price
◼️ Why the SBA life insurance requirement nearly stopped him in his tracks (and the specialty agent who got him approved)
◼️ The franchise amendment that dropped 3 days before close and how he kept the deal alive
◼️ How a management consultant who'd never taken a yoga class evaluated and bought 2 high-end studios
◼️ The exact structure that lets him run both studios on a 1-hour weekly call while keeping his W2
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