07 Apr Acquiring Minds: When Buying a Retail Business Makes Sense
Retail businesses are often risky, but Ken Eyjolfson found an exception in Mr. Liquidator. Initially skeptical, he was drawn in by its strong financials—nearly $500K SDE on $2M revenue—along with 700 five-star Google reviews and 35,000 Facebook followers. Unlike traditional mattress stores, Mr. Liquidator operates as a warehouse where customers buy discounted, plastic-wrapped mattresses on the spot, eliminating delivery wait times. With minimal staff and a loyal local following, the business runs efficiently and profitably. Ken’s story challenges the assumption that retail is best avoided—see if you agree.
