Podcast | Episode 433

The Perfectly Executed Business Sale

One of the core values of the eCommerceFuel community is reciprocity: members giving as much as they are taking. With that, we ask that all new members share a case study with the community, and new member Sarah Douglass, Founder of WiseOwlOutfitters.com, recently shared one of the best case studies on buying and selling a business. It was super detailed, really thoughtful, and offered a ton of insight—so of course, I had to have her on the show to share it.

Listen in as Sarah shares the backstory to Wise Owl Outfitters, including the very honest reason why she decided to sell it, even though she loved the brand and the business that she had built. We also dive into what the selling process was like, the lessons Sarah learned along the way (including the big mistake she made with her CPA), and the importance of doing thorough due diligence on your buyer.

You’ll learn:

  • The backstory of Wise Owl Outfitters. (4:10)
  • Why Sarah decided to sell the business. (9:15)
  • What she missed after selling her business. (15:45)
  • The key to getting the right CEO fit. (21:00)
  • What the selling process was like overall. (27:15)
  • The mistake Sarah made with her CPA. (31:10)
  • How much the competitive process drove up the price of her business. (41:00)
  • The importance of doing due diligence on your buyer. (42:30)
  • What’s next for Sarah and lightning round. (47:55)

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(With your host Andrew Youderian of eCommerceFuel.com and Sarah Douglass of WiseOwlOutfitters.com)

What Was Mentioned

Image credit to Tumisu from Pixabay.

Andrew Youderian
Post by Andrew Youderian
Founder and Chief Instigator, eComFuel Andrew quit an early finance job to sell CB radios online — an admittedly unorthodox career path. It set him on a course to found and sell multiple businesses, host a decade-running podcast, lecture at Harvard Business School and create eComFuel, the leading community for 7- and 8-figure online business owners. Andrew is fascinated with branding, AI, building community, investing and growing meaningful businesses that don't require sacrificing what truly matters.
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