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Old 01-20-2014, 03:08 PM
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snomaha snomaha is offline
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Join Date: Jan 2004
Location: midwest
Posts: 507
Quote:
Originally Posted by I_am_a_beginner View Post
My business is running at a 66% profit margin and we have 7 employes, i presume his numbers are true but i will take a look at his numbers this week.
All his accounts are close and are commercial and business warehouses.

If his numbers are true and i keep te name, the contracts are signed for one year and i can net 78k, how much this comapny worth?
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Just a guess - the business you want to buy and your current business aren't figuring in a fair market wage for the owner? Net income is after all expenses - including a wage for yourself. Don't care if you are a sole prop - your numbers are lying to you if you don't account for your time/wage.

Take a look at some green industry benchmarking reports. Really well run companies net 10-15%
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