Part 6/10:
Location-based businesses: A desirable location inherently possesses a high barrier to entry, discouraging competitors and creating customer habits.
Established brands: Businesses with a long history show resilience and trust, factors that attract customers and ease marketing efforts.
Revenue from diversified customer bases: Sinclair prefers businesses that earn small amounts from a larger number of customers rather than relying heavily on a few major clients.
Effective management teams: An existing management structure ensures that operations can continue smoothly after acquisition.