RE: So.........11 Jan 2023 09:35
Buying any business is nothing more than risk. Whilst we’d all love 12+ to come in, whoever is stumping up the cash will want a big return for their investment.
I’ve just been involved in a company sale. £1.7m net cash in bank, £26m order book and making £1m+ p/a. We ended up getting £3m for it. They basically got the company for a bargain, even though we had plenty of interest, most were tire kickers. Only my opinion but if anyone wants HUR they’ll want at least 100% for the risk.
We’re all only guessing though and it’s a bit of entertainment. Good luck (insert pronoun here)!
Pmsl.