Michael Girdley (@Girdley) and Bill D’Alessandro (@BillDA) talk about a small neighborhood coffee shop in British Columbia, Canada. Could this be a rich man’s trap? We’ll be going deep into figuring out whether we got an outperforming deal or not. You won’t expect who we think should buy this deal. -----Thanks to our sponsors!* CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.-----Do you enjoy our content? Rate our show!Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.-----Show Notes:(00:00) - Introduction(00:26) - Our sponsor is Cloudbookkeeping.com(02:02) - Deal financials: A Profitable and Delightful Coffee Shop(06:31) - Do we like it? What does Bill like?(08:00) - What is scary about this businesses(10:00) - Is this coffee shop worth the time investment? What is the value-trap concept?(13:00) - Is this coffee shop outperforming or underperforming in terms of EBITDA?(14:31) - Would you see an opportunity to optimize or rather leave it and look for a better deal?(17:13) - What does it mean when there’s a given yield on a particular location of a coffee shop?(19:13) - What to expect when Girdley is at your board meetings?(20:20) - Who are the potential buyers? What is the one thing they should negotiate on?(23:25) - Can you be a hands-off owner with a General Manager for $75,000 a year?(26:08) - Let’s hear a funny story about a cool scam!(27:29) - How can we protect ourselves from operation scams? Did you like this episode? Leave us your feedback in the comments!-----Additional episodes you might enjoy:#108 A fireworks store and a ski rental business for sale#106 A Pet Product and Saas business for sale - Which one do we like?#105 How to Make Money in the E-Commerce Game - Bill D’Alessandro gives an e-Commerce masterclass - Part 1#79 What do Investors want? - Dig into an investor’s mind with Bradford Hardin#75 SBA Loan Secrets with Heather Endresen, expertise from a Billion-Dollar Loaner