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Because most people who make those returns don't sell their businesses openly. You need to know the right groups or people and you need to have specific knowled
by mockingbirdy 8y ago
Because most people who make those returns don't sell their businesses openly. You need to know the right groups or people and you need to have specific knowledge to assess a web project properly.
edit: To clarify - most people don't sell them because they're literally money makers. Usually they need the money for investments or have unexpected expenses that force them to sell. Some are just tired of their projects, but this is rare.
- im3w1l 8y ago> Usually they need the money for investments or have unexpected expenses that force them to sell. Some are just tired of their projects, but this is rare. But when they do sell them, why for so little?
- kondro 8y ago2-3x on EBITDA is a pretty common multiplier for small businesses earning less than $500k/year. Especially if that EBITDA doesn’t include an owner taking a salary. You can only really achieve 10x+ for companies that proce they’re growing or have reached significant and stable profitability.
- rahimnathwani 8y agoThanks. I'm struggling to understand your advice to OP: "If the bootstrapped business fails to make money fast, there's always this option with your amount of money." So let's say I'm in OP's shoes and I have the $350k. How do I take advantage of this option that's 'always' available to make $15k/month of passive income?