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by ruskibeats 1912 days ago
I spend a lot of time reviewing accounts of small businesses with the view of buying them.

I generally boil my offer down to:

3 times NET Profit Plus cash in the bank Less debt Less a working capital adjustment.

I would offer around £300k for your business in a HOT and then head towards Due Diligence looking for reasons to validate that number -/+

Other offers will vary depending on buyer