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re: Is this business a good buy?
Posted on 1/22/24 at 3:43 pm to Churchill
Posted on 1/22/24 at 3:43 pm to Churchill
There are professional business valuators (typically a specialized CPA) that do this kind of thing for a living. If you are considering spending $1m I think it’s probably a good investment to get a professional to value it for you.
I could be completely off base but it feels high to me. Unless there’s some clear untapped stream that you have insight to.
ETA: LINK This has gas stations going for 3.4x earnings and 2.75x earnings for Auto Repair & Service Shops. Which is more of what I expected
I could be completely off base but it feels high to me. Unless there’s some clear untapped stream that you have insight to.
ETA: LINK This has gas stations going for 3.4x earnings and 2.75x earnings for Auto Repair & Service Shops. Which is more of what I expected
This post was edited on 1/22/24 at 3:46 pm
2
Posted on 1/22/24 at 3:56 pm to Sterling Archer
130 isnt gonna go far when you throw in a note on a 1 mil loan. unless you have the cash. you really need to get someone to look at the whole picture including what the property is worth and maybe even any environmental remediation that would have to be done to the property if you get left holding the bag. I dont know anything about that but I would definitely do my due diligence.
Posted on 1/23/24 at 10:03 am to Sterling Archer
Thanks
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