gary brown
21st December 2005, 11:39
Jayne,
As you know I buy and sell businesses for clients. Can I start by saying any business is only worth what a buyer will pay for it. This can often be substantially more than just a multiple of profits, but I have seen in some cases buisnesses given away without any value.
It all depends on the business, timing, the industry or sector, but the most important factor is how the business is run. If it cannot run without the current owner it is often worth very little. If the business can be run on systems and staff I have seen 15-18 times earnings and more achived. It also has to be marketed to the right audience.
I can tell you if the business is viable to be sold and what is a starting point for a valuation, I can also help you dress the businesses for sale. We could then pass the viable ones to Steve Roberts if they fit his criteria, or the smaller ones to my contacts who are always looking to invest or buy smaller businesses.
This can be a very profitable area for you, but you have to know how to weed out the no hopers.
Let me know if you are interested.
Gary.
As you know I buy and sell businesses for clients. Can I start by saying any business is only worth what a buyer will pay for it. This can often be substantially more than just a multiple of profits, but I have seen in some cases buisnesses given away without any value.
It all depends on the business, timing, the industry or sector, but the most important factor is how the business is run. If it cannot run without the current owner it is often worth very little. If the business can be run on systems and staff I have seen 15-18 times earnings and more achived. It also has to be marketed to the right audience.
I can tell you if the business is viable to be sold and what is a starting point for a valuation, I can also help you dress the businesses for sale. We could then pass the viable ones to Steve Roberts if they fit his criteria, or the smaller ones to my contacts who are always looking to invest or buy smaller businesses.
This can be a very profitable area for you, but you have to know how to weed out the no hopers.
Let me know if you are interested.
Gary.