A private equity firm is eyeing my business, offering €2,400,000. Currently, we’re pulling in around €1.2 million, with a tidy 25% profit margin. As an apartment block management firm, I began this venture in 2019 at 21 as more of a side gig, never anticipating it would grow to oversee 1,200 units. It’s pretty surreal. I started with no capital, and all four of my staff, earning €30k annually, were trained by me. Now, facing this private equity proposition, I’m a bit in the dark. Any tips for a first-timer in dealings with a PE company?
Creating a throwaway account for personal reasons.
I can’t imagine not grabbing the €2.4 million when you’re clearing just €300K profit unless you have a solid expansion plan in place that you know for a fact will get you there in the future.