Reply to Offers to buy my company basically out of the blue… not sure what to do next

Forum Index » Money and Finances

Reply to "Offers to buy my company basically out of the blue… not sure what to do next"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]How is it possible that you have built and operated multiple successful businesses, make more than $1m per year, have the opportunity to sell one of the businesses for 8 figures, and still have absolutely no idea how to value that business, such that your come to an anonymous forum to ask, "where do I go from here?"

I'm really having trouble wrapping my head around that.  [/quote]

Indeed. Gob smacking.[/quote]

Please. Not every successful entrepreneur has formal education and would know that there are available models for valuing a business or have existing contacts that can help them with this process. And even if they did have those acquaintances, they may feel uncomfortable involving them at this stage out of a myriad of concerns.

There are certain types of businesses where low multiples make sense - independent doctor offices, CPA accounting firms, etc, have very limited growth potential even if their profit is very substantial. But based on the OP's description, it seems like there is a chance that the company may get sold again - so I'm wondering if that's due to growth potential, or a smaller aggregator selling to a larger aggregator for a profit. The unsolicited offer gives me a strong suspicion that it's an independent practice type of business.

In any case, I recommend the OP reach out to any type of industry association that may be available to help get contacts for valuation assistance. If there are discussion groups for that industry, it may be helpful to ask there as well. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics