Having trouble agreeing on a sales price. Business has been under current ownership for almost 10 years. First 9 there was no profit, year 10 the business is profitable. Seller feels ebitda based on last 3 years should be 5X. Anyone with experience here weigh in? Owner is also still hands on. Thanks. Pretty new to this.
What business is this? Is it manufacturing, retail or service industry? What product or service does it offer? Hard to give opinion or advise when key facts are missing. A consulting business vs a barbershop vs a retail or manufacturing business which can be run without the owner being present all can have different methods of valuations.