Lost Luggage Store Profits
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A company in rural Alabama buys and resells unclaimed airline luggage through a large retail store operation, generating $300M in annual revenue.
Key Points:
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Business Model:
- Purchase unclaimed/lost bags from airlines
- Operate as a large thrift store selling the contents
- Located in rural Alabama
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Revenue:
- $300M per year in sales
- Operates as the sole major business in this niche
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Supply Chain:
- Airlines hold lost luggage for a period
- If unclaimed, bags are sold to this company
- Company processes and resells contents through retail operation
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Market Position:
- Unique business model with little competition
- Solves a major logistics problem for airlines
- Creates value from what would otherwise be waste
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.