In this episode, we discuss buying a scuba business with Blair Thorpe. Blair was an MBA classmate of mine who had started a couple of businesses in the outdoor/high adventure space. Post MBA though, Blair stumbled across this scuba business where the owner was really motivated to sell. This episode discusses how Blair found the business, came up with a valuation of the business (without standard financials), the negotiation process and ultimately deciding on buying the business. We also discuss SBA loans and developing your "Board of Directors" or support network.
