Faggella sold his martial arts academy for $113,000 with 10% down
Dan Faggella · 711: Bootrapping into Silicon Valley · Jul 5, 2017 · at 5:08
Dan Faggella explains the financial terms and structure of selling his martial arts gym to his assistant instructor.
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“That business was sold for a hair over a 100,000 dollars, but with only 10% down in dough, cause the guy who I sold it to is my right hand man. So he was my purple belt. So that was like a kind of owner financed, you know, enough down to do something with it and enough saved up to go somewhere and move to Boston. But a total sales price, I think like one 13 or something.”
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