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Apr 12, 2018

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.

Note: Click here to download Ace and Spencer’s top tips for building and selling an FBA business from this episode.

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.