Quote:
Originally Posted by Skid Row Joe
"Sales numbers" can be cooked. You would want to see the Federal Income tax returns going back 5 years to see what it was making at the very least......then go from there.
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Concur. In fact, in our litigious society, you'd have to do that to finance it anyway. That would be a part of assigning value and risk to the transaction. It's always some multiplier of revenue and a (depreciable) fixed value of the inventory. Unless things have changed drastically in the last 5 years anyway...