97 - Selling a Business for 5x a Year After Buying It
Sumana Sanjeeva bought an e-commerce business, then sold it one year later for over $5.5 million.
Five times what she paid for it.
What an incredible return.
And if that weren't enough, Sumana was a novice.
She'd never even seen inside Amazon's Seller Central before taking the reins of her newly acquired FBA business.
But as you'll hear, Sumana did make a few wise, very deliberate decisions that belied her inexperience in e-commerce and proved fundamental to this wild success.
Another element to Sumana's story: she had owned three franchise locations before getting into e-commerce.
So we delve into her thoughts on brick and mortar versus e-commerce, a topic that I chew on myself a lot.
And lastly, this is an immigrant success story, which I have a soft spot for.
Sumana and her husband arrived in the US 25 years ago with $70 between them.
From that to acquiring and then selling a business for over $5 million. Not bad at all.
Please enjoy my conversation with Sumana Sanjeeva.