Hi. From what I was told for our kind of business, you use a 3-5x multiplier on your annual net earnings, or EBITDA. Closer to 5 or even 6x if you have many years on your lease or somehow have some other premium (location, strong community, etc.) WW is like infinityX btw, like 1000x future P/E ratio.
You could engage a lawyer, but honestly, most lawyers rarely given you biz advice. A biz dev person, or broker…or YOURSELF would package up a deal. The lawyer would draft up a PSA, purchase sellers agreement, based on YOUR direction. JEROME CHANG <> talk to us: (323) 330-9505 <> chat w/ us: <>http://www.BLANKSPACES.com/chat <https://lc.chat/now/7173741/> WEST: Santa Monica <> | <>1450 2nd St (@Broadway) CENTRAL: Mid-Wilshire | 5405 Wilshire Blvd (2 blocks west of La Brea) EAST: Downtown <> | <>529 S. Broadway, Ste 4000 (@Pershing Square) > On May 30, 2017, at 10:49 AM, David Hamilton <[email protected]> wrote: > > Does anyone have experience buying or selling an existing space? I'm sure > this is something we'll all run into at some point. > > Hypothetically - say someone got an offer out of the blue to buy your > business outright and you're considering it - what's your first course of > action? Do you get a professional assessment? Do you get a lawyer to package > your company for sale and write up a contract? Is it worth going through a > listing agent to find other potential buyers? > > LMK! > > > -- > You received this message because you are subscribed to the Google Groups > "Coworking" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected] > <mailto:[email protected]>. > For more options, visit https://groups.google.com/d/optout > <https://groups.google.com/d/optout>. -- You received this message because you are subscribed to the Google Groups "Coworking" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
