You are right it takes 5 min to evaluate a business not one month and pay 10k to do it... I sold few companies of mine like that 4 to 5 times net profit that's it ...put your self in the place of the buyer I pay a million dollar I need 20 to 25 percent net profit otherwise I'll put it in a basket of stocks and go to the beach
Yep. This guy is not very smart. Pay someone to run it. Collect your money and invest it. Maybe buy other businesses. Why would you sell off a cash cow? 🤦♂️
Nah, he can't walk away. I think he should train the employee (would be buyer) to take over his position and just increase his pay... that way he can still come work part-time but not have to sell.
this channel is super valuable
We need more people like you sir
You are right it takes 5 min to evaluate a business not one month and pay 10k to do it... I sold few companies of mine like that 4 to 5 times net profit that's it ...put your self in the place of the buyer I pay a million dollar I need 20 to 25 percent net profit otherwise I'll put it in a basket of stocks and go to the beach
Why sell a business for payments when you could keep it and you still get those same payments. Just give the employee a profit share or bonus instead
Yep. This guy is not very smart. Pay someone to run it. Collect your money and invest it. Maybe buy other businesses. Why would you sell off a cash cow? 🤦♂️
Seller finance is the best deal he just gets a retirement check until a balloon payment
Does this guy want to sell or not? Lol
Nah, he can't walk away. I think he should train the employee (would be buyer) to take over his position and just increase his pay... that way he can still come work part-time but not have to sell.
What's a countryman worth? 600k? Gross.