Re: Interested in buying an established repair business
The industry standard in acquiring an existing business with a minimum of a five (5) year sales / track record is: 1 to 3 times the yearly gross receipts. W/S repair would fall at the lower end of the scale because you are essentially purchasing the goodwill or customer base. A company with expensive equipment or fixtures such as a restaurant would be at the top end of the scale @ 3 times the yearly gross. As an example, if you are looking at purchasing a W/S repair business that has a consistent yearly gross of $50,000.00, you would pay $50,000.00 for the company.
T4K
|