TURBOPOWERED68
David
- Joined
- Jan 31, 2006
My uncle told me that the company that he works for was going to be up for sale and that his boss said to him if you or one of your family members is interested in it (the company) he would talk to us first before putting it on the market.
So my brother and I contacted the owner and have a meeting for this coming Monday.
This the first time I ever looked at buying a business.
What should I know before buying a business?
How do I calculate how much is the company worth today?
HELP PLEASE.
BTW my uncle has worked for this company for the past 12 years.
It’s a small business only 3 employees and a single owner.
The company has been in business for the past 25 years.
The reason for selling the company is “the guy is old and retiring”
First I will keep my uncle on board as he knows the businesses ins and outs.
And one other guy.
The other one will also retire.
I will also not change the company name and would like to keep the same #rs.
Please add to my too short list.
So my brother and I contacted the owner and have a meeting for this coming Monday.
This the first time I ever looked at buying a business.
What should I know before buying a business?
How do I calculate how much is the company worth today?
HELP PLEASE.
BTW my uncle has worked for this company for the past 12 years.
It’s a small business only 3 employees and a single owner.
The company has been in business for the past 25 years.
The reason for selling the company is “the guy is old and retiring”
First I will keep my uncle on board as he knows the businesses ins and outs.
And one other guy.
The other one will also retire.
I will also not change the company name and would like to keep the same #rs.
Please add to my too short list.