I have one real business. The rest (40+ right now) are either wholly or partially just laundering ops.
So you funnel your profits to these different endeavours.
Impressive, how long did it took?
i understand the point, thank you.
Sounds like that in order to sell your business you need to look more like a "traditional" business not Wyoming LLC ,but UK LTDs with proper structure, management team, no offshore shareholders and Pwc audited accounts.
I would have liked to emerge as a normal business, especially in the past, but i'm a bit against the system by nature so i'm less and less interested in doing so.
I'm making 10-15% annual profit margins (i sell products) because i'm keeping lean and simple otherwise being personally undercapitalized i would not be able to operate.
A CEO is a big expense, i'm not complaining, obviously i want to expand and possibly sell like every entrepreneur and i know that there's no magic trick but that kind of thing requires capital. I'm trying to balance growth with not spending too much. Scaling from 1M in sales to 5-10M i think is the hardest especially when you can't raise additional capital.
Let's say you have a management in place and the business is stable and runs smoothly without owner involvement.
Do you think a 0.5-1M revenue and 10-15% ebitda business generates more interests than a 5-10M with same margins from potential buyers or viceversa? These kind of deals are done with ebitda/sales multiples?
