Business Valuation Insights
James shares his experience with a business acquisition, highlighting a purchase price of $785,000 and a valuation multiple of 2 to 2.5. Despite the SBA appraising the business at $1.35 million, the seller was unaware of this valuation. The lengthy closing process, influenced by a government shutdown, allowed James to deepen his understanding of the business and build rapport with the previous owner and key team members.In this clip
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Acquiring Minds
How to Buy a Business & Grow It to $25m | James Bloom Interview
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