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Ep. 41 The Fishing Trip
When John Bowen received a $37
million offer to buy his business, he thought it was too good to be
true.
As it turns out, it was.
Bowen had received a non-binding
letter of intent from a global bank, who made their bid with no
actual intent to buy his business. Bowen came to believe their
offer was a decoy designed to disguise their real objective: to
understand Bowen’s strategy so they could compete better with him.
Bowen got wise to their strategy and ended up selling his business
to another buyer, Assante Wealth Management, for $25
million.
Bowen reveals his three strategies
for evaluating the authenticity of an offer to buy your business
during our interview.
View all episodes
By John Warrillow
4.8
207207 ratings
When John Bowen received a $37
million offer to buy his business, he thought it was too good to be
true.
As it turns out, it was.
Bowen had received a non-binding
letter of intent from a global bank, who made their bid with no
actual intent to buy his business. Bowen came to believe their
offer was a decoy designed to disguise their real objective: to
understand Bowen’s strategy so they could compete better with him.
Bowen got wise to their strategy and ended up selling his business
to another buyer, Assante Wealth Management, for $25
million.
Bowen reveals his three strategies
for evaluating the authenticity of an offer to buy your business
during our interview.
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