Business Buyer Diaries: the Reality Before, During, and After

Welcome to the Business Buyer Diaries. My name is Nathan Platter, I’m a full-time employee, and I bought a business! I did everything right from finding the deal, handling due diligence on 63 different opportunities, and ultimately buying a profitable gym, and boy was I in for a surprise as a new owner! I chronicle everything in real time, including the biggest wins to the stressful nights at 2am. I’m sharing my journey without sugarcoating anything, so you don’t repeat the same mistakes I do. Join the Business Buyers Club! https://businessbuyersclub.com/memberships Enter code 070499 Learn Due Diligence for yourself! https://dealacademy.app.clientclub.net/courses/offers/75e59f69-9746-4b94-a6cd-562bcc9347d1 Enter code SanterMedia, my goto Gym Marketing Agency https://go.santermedia.com/nathan Tell them Nathan sent you!

Episodes

384. Bankruptcy in a different year than the discharge

July 20, 2025 • 5 mins

Business Buyer Diaries: the Reality Before, During, and After

Episodes

.css-14f5ked{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:2;overflow:hidden;}384. Bankruptcy in a different year than the discharge

.css-r6mb8g{margin:0;word-break:break-word;display:-webkit-box;-webkit-box-orient:vertical;box-orient:vertical;-webkit-line-clamp:1;overflow:hidden;}383. Nothing new in 2 months; tax filings, creditors contacting me, attorney general complaint pt 2

382. Valuables being auctioned off, business assets sold, utilities still collecting

381. Bankruptcy assets, staffing decisions, attorney general inquiry

380. Buyer and lender will handle asset sale without me, bankruptcy check takes us to near $0

379. Bankruptcy case completed, selling the business assets, party city bankruptcy

378. Haven’t heard anything from new owner or employees, hearing this Friday

377. Having to give consent to have our lease terminated

376. Management started a competitor 3.1 miles away, the old managers are back, results years later

375. Bank accessing property, focusing on dayjob, hearing next week, slowing life down

374. Bankruptcy hearing scheduled, still working on refunds, met another entrepreneur

373. A close confidant is keeping me in the loop, changing my ingrained responses to not be anxiety

372. Met with corporate and didn’t feel listened to but rather them wanting to use me

371. Studios is closed up and locked down, now everyone knows

370. Closing part 2, you’re more likely to make your fortune as an employee vs owning a business

369. Tonight we close the gym, it’s emotionally hard to do

368. 2 days after filing and all but one of our credit lines are terminated on us

367. The Closing gameplan and cadence for business pages, channels, email, and notifying everyone

366. Filed the papers, next up is notifying people after the last class, buckle up for the ride

365. What San Francisco has gotten right

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384. Bankruptcy in a different year than the discharge

383. Nothing new in 2 months; tax filings, creditors contacting me, attorney general complaint pt 2