Anyone bought a home remodeling/contractor biz?
I know project based, highly cyclical businesses aren’t a favorite around here, but I’ve found a compelling deal and would love to chat with someone who’s been down this road already. Thanks!
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by a searcher
from University of Tennessee - Knoxville
in Portland, OR, USA
in Portland, OR, USA
2yrs ago
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by a searcher
2yrs ago
from University of Tennessee in Portland, OR, USA
from University of Tennessee in Portland, OR, USA
One thing I'm curious about is the multiple of SDE I should target in my LOI. It is roughly a $2.9m revenue business with a downward trend in SDE-- $420k in 2021, $390k in 2022, and $250k last year. Not absentee.
I was thinking around 2.2x the 2023 SDE ($540k)? Is that about right?
I was thinking around 2.2x the 2023 SDE ($540k)? Is that about right?
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by a professional
2yrs ago
from University of Notre Dame in New York, NY, USA
from University of Notre Dame in New York, NY, USA
^redacted Hey Griffin - I've done a handful of these deals on the legal side and have a background in private equity so can discuss the economics with you as well. Depending on the state the business operates in, you can run into licensing/permitting issues that you need to make sure you structure the deal around. Feel free to DM me or shoot me an email at redacted
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