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Interested to hear your views as I'm no expert when it comes to valuing a business! Isn't there an average multiple of earnings (say 2x) that would be a reasonable basis for a valuation? In this case business nets around $200k - but that does not include a wage to the owner. But assuming I run...

Between $5-600k

It would! What I meant though is that we would be looking to pay the loan portion off (ie $225k) in 3 years, and would be using anticipated income from other sources as well to do this

Thanks all for your responses! Approx 25% of the proposed sale price is stock. It's a niche retailer with a relatively large amount of repeat business from a good size customer base built up over the last 7-8 years. Agree that starting from scratch may be an option but has a different set...

Thanks for the info. Just to clarify though whether I release equity or sell a property the max I can raise is approx $200k - so there would be a $200+k shortfall - are you saying that there's no way to make up that shortfall via a bank loan? Cheers

Hi all, I am a longtime Somersoft lurker but very infrequent poster! I have a few questions around obtaining a bank loan to fund the purchase of an existing business – not sure where to start with this or who at a bank (pr perhaps a broker?) I should be talking to. You may be wondering why I...