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cover of episode Ep 500 After the Deal: Ben Leonard on Watching His $6M Business Fall Apart After the Exit

Ep 500 After the Deal: Ben Leonard on Watching His $6M Business Fall Apart After the Exit

2025/6/27
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Built to Sell Radio

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Ben Leonard: 我最初只是把Beast Gear当成爱好,没想到能做到年收入600万美元。2019年,我通过listing网站接触到Thrasio,他们对我的品牌非常热情。我犯的第一个错误是没能更努力地谈判更高的估值,当时的市场环境下,我的企业本可以卖出更高的价格。更重要的是,我应该在出售前将品牌扩展到美国市场,那会带来更大的增长。Thrasio接手后,他们关闭了我的网站,删除了邮件列表,更换了亚马逊listing,这些举动直接损害了品牌价值。我试图帮助他们,但他们的官僚主义和缺乏电商经验导致了品牌的衰落。我将这次经历称为“pray out”,因为我几乎无法影响earn out目标的达成。尽管如此,我还是获得了两年的earn out,部分原因是疫情带来的销售额增长。现在,我与新的合作伙伴一起购回了Beast Gear,并计划通过“品牌救援任务”公开重建品牌,重塑品牌价值,并证明Thrasio的错误。 Ben Leonard: 我对Beast Gear有着深厚的情感,看到它被Thrasio摧毁让我非常难过。我曾是Thrasio在英国的代言人,这让我感到内疚。现在我购回了品牌,不仅仅是为了赚钱,更是为了重塑品牌的辉煌。我与新的合作伙伴达成了协议,他们负责运营,我负责品牌战略和客户关系。这次我吸取了教训,更加注重对潜在收购方的尽职调查,确保他们真正了解电商,并与我有着共同的愿景。我希望通过“品牌救援任务”分享我的经验,帮助其他企业家避免重蹈覆辙。

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When Ben Leonard sold Beast Gear—a strength and conditioning equipment brand he built from his spare room into a business generating $6 million in revenue—he thought he’d made the deal of a lifetime.  He got 80% of the proceeds up front, agreed to a small earn-out, and became the face of Thrasio, the acquirer.  Then things started to go sideways.