HOW DO YOU CALCULATE IN THE PREMISES?

if the basic rule is to pay 3-5 X EBITDA, how does this take into account the premises? Are they included in this price or not? Or do you calculate those on top of the price? This is currently very confusing to me. The idea is not to pay anything for the machines that produce the EBITDA, but what about the premises and the land? Any ideas?



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