Its not seems like, presumably you have metrics you can compare to previous years. Your revenue is either down or its not.

I’m involved in 5 businesses

Biz 1 - +100% Biz 2 - +20% Biz 3 - +30% Biz 4 - +50% Biz 5 - Flat

Dependent on industry, if owner is a key man and departing, it’s hard to get 5x in most industries.

Don’t start businesses based on trends. They always flame out. Your dad will join all the froyo shops unfortunately.

Three years to hit six figures in revenue for a service business and you make less than $20k?

Close it tomorrow.

AR is irrelevant for this discussion.

That’s a net profit of $1.4 million. No one sells a business that makes $1.4 million for $1 million.

Cash flow and EBITDA are two different items.

Are you saying they spent $6.1 million to do $6 million in revenue?

Negative cash flow is not even close to the same thing as a loss. Construction businesses are frequently cash flow negative.

It would also be extremely normal to not get paid for 60-90 days if they’re doing commercial projects or getting paid through insurance companies.

You’re making a lot of big claims based off very little info.

I feel like SEO is the actual get rich quick scheme of choice for this sub.