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SELLING A BUSINESS (#98)

"The sale price of a small business is between seven and ten times the average profit of the last three years."

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Contributor:
Bill Chellberg
Elmhurst, Illinois
Rating:
4.9/10 From 30 Ratings
Comments:
2
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Comments
"Or you could apply the international standard of 3 years gross and actually stand a chance of someone buying it."
Peter Palmer, Creative Director, Australia
"Trend analysis, competition, quality and innovation along with patent rights, location, etc. can all play substantially into the worth of the business."
Dick Gehring, Consultant

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