Buying an Existing Business - Based on my recent experience

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7wonders
Member since: Aug 03

Posts: 518
Location: Toronto
Post ID: #PID

Posted on: 14-06-11 16:59:10

Excellent Post. Good work. Lots of hardwork put together to write this post...

I dont know why it is not sticky?

Now, is there any calculation for a buying a business
For eg
Business value = Net profit X 4 or 5? without property?

Does anyone has some kind of maths out there to know business value?

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dimple2001
Member since: Apr 04

Posts: 2873
Location: Western Hemisphere
Post ID: #PID

Posted on: 28-06-11 09:36:04

Quote:
Originally posted by 7wonders

Excellent Post. Good work. Lots of hardwork put together to write this post...

I dont know why it is not sticky?

Now, is there any calculation for a buying a business
For eg
Business value = Net profit X 4 or 5? without property?

Does anyone has some kind of maths out there to know business value?

Thank you.

I was told the business value is similar to what you have stated above....

Net profit x 3 to 5. How this came about is a mystery to me.

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Dimple2001

dudewheresmycar
Member since: Jan 07

Posts: 980
Location:
Post ID: #PID

Posted on: 28-06-11 10:57:52

Hi Dimple,

Can u describe ur experience post the acquisition.

1> What was the difference from what was presented and the reality
2> Hardships u had after u took over the business.
3> Was it worth acquiring a existing biz rather than setting up a new one

dimple2001
Member since: Apr 04

Posts: 2873
Location: Western Hemisphere
Post ID: #PID

Posted on: 28-06-11 11:58:18

Quote:
Originally posted by dudewheresmycar

Hi Dimple,

Can u describe ur experience post the acquisition.

1> What was the difference from what was presented and the reality
2> Hardships u had after u took over the business.
3> Was it worth acquiring a existing biz rather than setting up a new one

I didn't buy the business

During the due diligence process, I found a significant number of discrepancies between what the seller told me verbally and what the documents showed. The seller could not explain the discrepancies to my satisfaction. Hence, I withdrew my offer.

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Dimple2001

booradleysmart
Member since: Aug 15

Posts: 82
Location: permanently banned
Post ID: #PID

Posted on: 02-08-15 10:55:57

Great post

Contributors: dimple2001(23) jonav(1) manserwadekar(1) web2000(1) 7wonders(1) hchheda(1) AshwaniG(1) dudewheresmycar(1) Maharaj(1) newboyo(1) booradleysmart(1) mkannuri(1) imwhoever(1) people99(1) Ash20(1) peacock1(1) chekram_04(1) tamilkuravan(1)

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