> No way can you sell a small business in a down sector at more
> than 20 times the sales. Plus, we don't know what the earnings
> are currently. Who want to buy a business at P/E of 40?
Absolutely correct ... $900K is generous. On a good day, $900K
would be 8 to 10 times gross margin on $600K in annual sales.
Debt service on $2.7 million is more than expected gross margin
... Joe, W4TV
> -----Original Message-----
> From: email@example.com
> [mailto:firstname.lastname@example.org] On Behalf Of Bill N1eY
> Sent: Friday, March 07, 2008 3:24 PM
> To: email@example.com
> Subject: Re: [TowerTalk] I.C.E. - Company for sale
> It is at the most absurd price. No one sells a business on Ebay,
> either. They probably went to a business broker that said
> perhaps 900k
> for the business at the best. No way can you sell a small
> business in a
> down sector at more than 20 times the sales. Plus, we don't
> know what
> the earnings are currently. Who want to buy a business at
> P/E of 40?
> You would never make your purchase price back.
> Sorry to be so negative, but I had to look because it sounded so
> interesting to me!
> Barry wrote:
> > That's a lot of bandpass filters :.)
> > Barry W2UP
> > Terry wrote:
> >> And they accept PayPal if you decide to buy it! :-)
> >> 73 de Terry KK6T
> >> Greg Clark wrote:
> >>> Saw this today, on eBay of all places. Take a look at eBay item:
> >>> 250221413049
> >>> Or, do a general search on eBay for Industrial Communications
> >>> Engineers.........starting bid, $2.7M.
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