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The EBIT, is before you pay your interset and tax. So your NPAT is not your EBIT obviously. However most retail businesses sell on PBT multiples. 3x is quite high for retail businesses. Small businesses cannot command premium multiples because the diversifiable risk in the business is too...

This is the ethics of many small businesses... doesn't mean he's not ethical in his dealings with you. You need a lawyer to draft your contract of sale very carefully as there's many get-outs you can put in there in relation to business profits, supervision period etc. Also all the usual...