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  1. ok180

    Loan to buy a business

    Judging a business on multiples of profit is like assuming all businesses are at the same stage in maturity. Ive run businesses for years showing little or no profit because i was throwing everything back in growing in. If you saw a p/l you would think its worth nothing but go back and look at...
  2. ok180

    Loan to buy a business

    You have to stop listening to the business brokers your dealing with. I've been running two businesses succesfully for 10 years and just started a 3rd. How long have you been in business TMNT? Of course, but OP stated what kind of business it is. It's not a service style business. They...
  3. ok180

    Loan to buy a business

    These calculations of Y x Z = X are all nonsense. If I was buying a business I would be looking at a few points. 1: How much profit is it making and how long has it been making it 2: How much turnover is it doing and how long has it been doing it 3: Is it showing growth? 4: Is there anything...
  4. ok180

    Loan to buy a business

    Is it showing profit at the moment? Owners drawing a wage? Do they import their own stock? To be honest without knowing details, i think $450k is way too much to pay for a business doing those figures. For 450k I would want to be seeing 1mil turnover at least.
  5. ok180

    Loan to buy a business

    Whats the turnover like?
  6. ok180

    Loan to buy a business

    It would have to be a ripper of a business to pay back 450k in 3 years...
  7. ok180

    Loan to buy a business

    Depends how well it is set up. It can take years and years to build up a cache of good loyal customers for an online (or any) business. Can take years to test different marketing methods until you hit the right ones. Finding the right suppliers, developing the right logistics...
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