Originally Posted by Landscraper1
Through the past few years I have spoken to a few Lc's that have either sold or have had offers. I knew that some day I would have to sell so, I gathered as much info on what these larger companies are looking for and modeled my business to match that. I also have a very good idea what they go by to figure out the value of the business.
$1 mil would be an offer on the low end. The business is profitable. Grossed $1.4 mil last year, has quite a bit in assets, and a great customer base.
Have you ever looked at doing a succession plan? Maybe a key employee or group of them? Did one a few years back that maps out exactly what would happen if i were ready to sell, disabled or die. Included potential buyers both internally and externally, stay bonuses for key people, tax minimization and personal financial needs after stepping away from the business.
Similar to your comment - it gave me clarity on what brought value to my business (reoccurring revenue stream, documented processes, profitable).