278: Selling an Amazon FBA Business: My $425k Exit ... and the Guy Who Bought It

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.7 • 1.6K Ratings

🗓️ 12 April 2018

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

A $425k exit on a 2.5 year old business!? Recently a friend of mine posted about how he sold his 2.5-year-old Amazon FBA business for over $400k, which I thought was incredible. The twist was it turned out the buyer was a familiar face as well. Spencer Haws of NichePursuits.com was the seller, and Ace Chapman of AceChapman.com was the buyer. They are both previous guests of the show. Spencer was on episodes 18 and 70 of The Side Hustle Show talking about niche sites and software, and Ace was a guest on episode 182, talking about investing in digital real estate. Why did Spencer decide to get into the Amazon FBA business? “I had an idea for a product I used every day, couldn’t find exactly what I wanted on Amazon. So, I decided to find a manufacturer that can make a variation of what I like,” Spencer said. Why was this business an attractive deal for Ace and his investors? “The thing that I liked about the deal was the different sources of income,” Ace said. I decided to invite them both on the Side Hustle Show to give you both sides of the deal. You’ll hear how Spencer built up the business so quickly, why he decided to sell up, and how Ace found himself on the other end of the deal. Tune in to hear how Spencer built an FBA business from $0-400k in less than 3 years with no prior experience in this private label space, and how Ace helps his clients raise the funds to buy online businesses. Full Show Notes and PDF Highlight Reel: Selling an Amazon FBA Business: My $425k Exit ... and the Guy Who Bought It

Transcript

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0:00.0	Side Hustle Show 278. I sold my Side Hustle. Behind the scenes of a $425,000 sale and purchase of an Amazon FBA business.
0:10.0	What's up? Nick Loper here. Welcome to the Side Hustle show because your
0:15.8	competence is your security. Hat tip to Chris Gillibow for that one and I think
0:20.1	it's going to become evident over the course of this episode how both of my guests
0:23.8	use their own unique skill sets to build businesses.
0:26.6	So recently, a friend of mine posted about how he sold his two and a half year old Amazon
0:31.6	FBA business for over $400,000 which I thought was incredible
0:35.1	but the twist was it turned out the buyer was a familiar face as well.
0:39.2	I'm excited to welcome back to the program Spencer Hawes of niche pursuits.com and Ace Chapman from
0:45.0	Ace Chapman.com. Spencer was a guest in episode 18 and episode 70 where
0:50.5	are we talking about niche sites and software on those episodes and Ace was a guest in
0:54.2	episode 182 talking about investing in digital real estate talking about investing in cash
1:00.0	flow at the end of that episode Ace left me with this profound sound bite.
1:05.0	When we want a computer, we go out and we buy it. When we want a car, we go out and we buy it.
1:09.0	The only time we don't, we think,
1:12.0	I wouldn't build my house or my car my computer from
1:14.3	scratch but I'm gonna build my income from scratch and so man when I need money I go buy
1:19.6	it. When I need money I go buy it why you're trying to build an income from scratch that has definitely impacted my investing decision since that
1:26.8	conversation took place with AISA almost a couple years ago
1:29.1	Although you get to pull the trigger on anything the size and scale like you'll hear about in this
1:34.0	call so stick around to hear the perspectives on both sides of this deal how Spencer
1:38.1	built his business on and off of Amazon why he wanted to sell it what made it an
	...

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