John Mackonen Email & Phone Number

My life changed the day I made the visit…Until July 2021, I thought I was looking at the right businesses.I had spent months having meetings with business owners wanting to buy a spa.But one day I decided to visit the premises.When I discovered something strange…I went to see how big the profits this business made.The owner had assured me that it was the best investment I was about to make.I wanted to ensured I was getting a good deal as promised.My vision was to make good cash flow to help pay fees for my engineering course at the university and sustain myself.I started by checking the inventory (massage machines, furniture, shaving machines and many other items you find in a beauty spa).I had to get it right or lose everything at this point.So I went in 100%• Put in all the Savings• Deferred from the university• Took a loan to top up the rest of the Asking priceThrough the due diligence process:• I realized the inventory was much older and fetch less money than the quoted sum.• The hundreds of thousands in monthly profits was only 87k at maximum.• The business was not paying their taxes.He was not selling “to focus on other stuff” but because the business barely made any profits.But most importantly, the true value was much less than what he was asking for.I continued with my search, but this time with the help of a paid professional who pointed me to the right things. Finally, we found a spa that:• Had good inventory• Made decent profits• Was tax compliant• Had growing margins(For Management Consulting Requests, Send Me a DM)