Buying a CEO Networking Club Franchise – $1M Business Breakdown

**Michael Girdley** (0:00)
Hey, Michael here. Welcome to Acquisitions Anonymous, the Internet's number one podcast about small business buying, owning and investing. Today, we broke down a deal that Travis and I found fascinating. And we may have done this deal before on the podcast, but we're almost 500 episodes in. And when Travis started talking about his take on it, I was like, oh, who cares? Let's do it again, because Travis is going to be that good. So I hope you will get as much out of it as I did. And stick around to the end. You can see what we each thought about the deal and whether you should go after it. Here's the episode.
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Travis, good morning to you. Happy Friday.

**Travis** (1:32)
Good morning to you. Great to be here, Girds.

**Michael Girdley** (1:35)
Um, yeah. So, so what's new? You and I were together earlier this week, and then I was like, come on back so we could do a second one.

**Travis** (1:43)
You miss me. I get it. I'm charming.

**Michael Girdley** (1:49)
Oh, was there anything new?

**Travis** (1:52)
If you're not watching, I grimaced after I said that. Radio was like, God, this guy's a dick.

**Michael Girdley** (1:59)
It's totally fine. Well, it's just going to be you and me today, unless Mills stumbles in. He had something going on on a roof somewhere. Heather is at an ETA conference, and Bill is at some sort of conference as well today.
So, you and I are the two with nothing better to do.

**Travis** (2:20)
Fair, fair. It's totally fine. Actually, as soon as I get off this call, I have so many hours worth of rush work to do. I'm behind today.
But I came anyway. I missed you.

**Michael Girdley** (2:32)
Perfect. Well, thanks for being here. Let's do this deal I brought. This may be a deal we've done before, but when I mentioned it to you in the pre-show, you were so funny when you started to talk about it that I was like, well, who cares? Let's do it again. So it's on Biz Buy Sell.
I have it up on the screen for you guys watching. It is a deal called CEO Life, and it's exclusive club for leaders in Los Angeles. The photo appears to be a bunch of people, first of all, in some rich person's house. If I could just go on a rant here, Travis, after coming back from Japan, it drives me crazy that all these people are wearing their outside shoes in this person's house.
My wife and I are the type of people that when we host a party, we make everybody take off their shoes because shoes are filthy.

**Travis** (3:25)
Supposedly, I was just informed that this is a white person thing in the US and people make fun of us worldwide for it, including non-white people in the US. They're like, guys, this is what I've been told, what I was told recently.

**Michael Girdley** (3:37)
For wearing shoes in your house?

**Travis** (3:39)
Yes, yes.

**Michael Girdley** (3:40)
Yeah, we stayed like in Japan for spring break, so I took the kids to Japan for spring break, and once in a lifetime things, so such a good thing to do with the kids. And we stayed in an Airbnb, not in a very nice neighborhood, just totally decent, but they had the whole slipper thing, like the Japanese do, don't wear your shoes in the house. And the floors were spotless, just like a total, total pleasure. Like you walk around your bare feet doesn't feel like you're walking around an American house where there's like crap everywhere on the floor.
It was just delightful. And it just reminded me of how important the shoe thing is.

**Travis** (4:17)
So I live in Asia for 10 years and I miss it dearly and that part is wonderful. What I do now, I actually like wearing shoes in the house. So I just have house shoes, like they're sneakers. I just wear them, put them on to get in the house and walk around with that.