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Hey Reader, I miss chatting with you on a regular basis. I've been speaking in Boston, helping buyers evaluate listings, and tackling due diligence projects. I'm still here for you: just hit reply:-)

(3.5 minute read)

1. Jewelry Business Won't Replace Your Income...So Why Buy It?
2. Queen of the track.
3. Dig Deeper: Add-Backs.
4. This issue's sponsor-Rapid Fire Listing Review Package.
5. Pop Quiz-The Derby as a business.
6. More ways to connect.

Jewelry Business Won't Replace Your Income...So Why Buy It?

This jewelry business won’t replace your income… so why would you buy it? In this episode of Cash or Crash!?!, I break down a real jewelry shop for sale and walk through the numbers, structure, and the real question most buyers miss: Is this actually a good deal… or just a tempting one? Because not every business is meant to replace your salary. And not every “good” deal is right for YOU.

TL;DR (for the highlight lovers)

• Watch the Full Episode: Cash or Crash Episode #2​
• 26% profit margins
• Estimated SBA 7(a) loan payments
• Debt coverage and cash flow
• A 3x plus SDE multiple
• A partnership proposal
• Final verdict: Cash or Crash?

💬What She Said💬

“You can dream big and you can pivot, you can come from one place and make yourself a part of history.”

🪏Dig Deeper🪏

(Due Diligence Tip)

If the "free cash flow" you're buying is almost all add-backs, it's not a business. It's a HOBBY.

Ask yourself:

Can the cash flow actually be transferred to a new owner?

This newsletter is brought to you by:

Get CPA eyes on your target business listing

— with red flags identified–

BEFORE the $10,000+ price tag of full due diligence.

Get the details--Rapid Fire Listing Review Package​

🧐Pop Quiz🧐

How much annual revenue is generated by the

Kentucky Derby?

(Reply to this email with your answer. First closest answer gets a mention in the next issue:-)

Last Issue's winner: Sandi Adam

Compared to men, women are 80% more likely to face poverty in retirement.

More ways to connect:

Respond to this email. I read them all:-)

Connect with me and other buyers in the FB group.

Other interesting items: Here​

🏍🏍🏍🏍🏍🏍🏍

Thanks so much for reading... Peace Out!✌🏼

Della Kirkman, CPA
dellak@shift-n-gears.com

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