3 ms·
What are you implying? He said in the post he paid off most of his creditors after closing. If the final price was $215k it certainly seems possible to pay off
by sethev 10y ago
What are you implying? He said in the post he paid off most of his creditors after closing. If the final price was $215k it certainly seems possible to pay off most of $120k with that.
- forgetsusername 10y ago>If the final price was $215k it certainly seems possible to pay off most of $120k with that. Right. I was "implying" that perhaps the business wasn't as good a business as I thought.
- charlesdm 10y agoA business like AR with $60k in profit sold for $215k seems like a pretty good deal for the seller. On a yield basis, that seems like a great deal, but given the work involved (+ chance of the business being disrupted), I'm not sure I like that profit to price paid ratio. It certainly isn't a price I would have paid.
- sjg007 10y agoWhy? Seems cheap? <4x? Next phase is a sales force to get customers.