It's the same idea as house flipping. Smart business persons take up failing businesses for cheap. Refocus, rebrand, and sell for a profit.
Could this work? What kind of businesses would be the best options for this concept? Mom and Pop shops? Small tech companies?
3 comments:
Professional sport teams
See "Flip That Restaurant"...
This happens all the time. Companies will normally hire CFO's that have had past experience with failing companies.
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