Yeh, thats right the stakes have just gone higher. We will buy any hosting company for 14 times the gross profit, in a period of 15 months. We can negotiate even higher price for any company who sales more than $100000 annually.
Originally posted by othellotech So you get over a year of income without doing any of the work - nice business if you can get it
Ya, unless they decide to stop paying you. I'm sure you'd get some kind of contract, but of course that's only as enforcable as much as you're willing to pay your lawyer...
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where it comes to othellotech, his calculation is correct. Just for general, gross proift is a very imporatant term in business, and I do suggest for everyone to familiarize with it/
Where it comes to reliability, we are very flexible on how we can work it out. We gladly draft a contract made by a reputable law firm. Also we will glad sned postdated checks so you don't have to chase after.
We also have few references for companies we bought in the past
I am very familiar with it actually. I have an accountancy major But it's never too good to assume that everyone have the same level of expertise as myself, and even in the professional field, there are different intepretations. And then again, there's are some slight subtle differences from country to country. And this being a calculation that can affect the valuatoin drastically, it's best to be clear what you actually mean rather than assume from my own knowledge.