Quote:
Originally posted by Nickatilynx@Jan 1 2005, 12:33 PM
Sorry HP , I'd be surprised if someone paid that.
As Opti said:
The rule of thumb is a great measurement and that is TOP money.
Also in these times as he said , I reckon someone sits down with some TGP owners and say "This is the number I am prepared to wire , today , take it or leave it"
Most would take it.
And it would be much lower than 10 times monthly gross.
Maybe as low as 5/6 mths if all cash , and right fucking now.
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Oh, I agree, I think Shap would be out of his mind if he paid more than $100K or so in cash regardless of income. The game is simply changing too fast to make a much larger investment.
Also, if a successful business is sold during a time when it's a buyer's market, there's usually something motivating the seller. There are likely factors we're not aware of which might've presented a bargain.
For instance, I've found that when the April 15th tax deadline looms, one can often pick up bargains in this industry.
You also see a lot of year end deals for similar reasons.