Quote:
Originally Posted by Paul Markham
Who should care what Shap got for his business? Everyone because it's an indication of how the industry is fairing.
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Having been in the business for 15 years we've had our fair share of offers come our way. If you want to use my business as an indication for how the industry is fairing here is what i can say.
At the time of the sale we had record months for both revenue and profit.
The deal we got was both the best I've seen in terms of multiple, dollar amount and terms that I've ever seen.
Just as it would be a mistake for you to assume I sold for cheap it would be a mistake for someone to take our deal as an indicator for the industry's health. I think for the majority of the industry it's a very rough time right now. For the small group that are making very big buck business is, probably, better than ever and they are getting hit up constantly about selling (and most likely at very tempting $$$).