PROS FOR PURCHASING A COMPANY FOR UNDER $1M
Pro: Depends on the industry and the margins. Platform...maybe depends on the type of business and market etc. If it an software based/ecommerce/services where you can scale digitally then being at $1M or less could be very profitable with limited staff, overhead etc. For example, you could purchase an retail/consumer orientated website/inventory with strong margins[redacted]% recurring revenue subscription based that generates 20-25% net profit on $1M= $200-250K is A OK!
Thoughts: WHY YOU CAN?