Michael Girdley (@Girdley) and Bill D’Alessandro (@BillDA) talk about an eCommerce business in Africa. This is an extremely cool deal as this focuses on women and mothers in Africa, not only that we also get to unpack how this is different from similar businesses in the US and what it’s at stake here. -----“Thanks to our sponsor!Live Oak Bank - Whether you’re looking to build, buy or expand your business, let the team at Live Oak Bank be your financial guide. With Live Oak, you get a partner who believes in your success and is willing to take the journey alongside you. We provide small business loans tailored to your goals.Fuel the growth of small businesses across the country; bank with Live Oak Bank.You can contact Heather Endresen, Director & Founder at heather.endresen@liveoak.bank. Mention this podcast in the subject line and ask her about office hours to get in touch.*Live Oak Bank is the #1 SBA 7(A) Lender. The data supplied by the SBA reflects 7(a) highest dollar volume during FY 2021.”-----Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.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(00:24) - Deal & financials: African eCommerce site(00:55) - What does the seller need? What are they looking for?(03:45) - What are our initial reactions, and what do we enjoy most?(05:00) - What do we think about these margins?(05:44) - First red flag: What is it?(06:46) - What are the foreseeable challenges for running this business?(07:39) - There’s no UPS in Africa… What are the alternatives?(09:18) - What are the risks of investing abroad in an unknown environment?(11:30) - Financial considerations if you want to acquire this business(14:13) - Our Sponsor is Live Oak Bank(15:36) - What is so interesting about the product-market fit?(18:40) - What are technological and societal challenges?(23:20) - Specifically, how should an international transaction be arranged for maximum efficiency?(24:12) - Final considerations about the market and its maturity-----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