Selling a Business for 5x a Year After Buying It
Acquiring Minds
00:00
Is the Earn Out a Good Thing?
I exited the business for mid seven figures, basically five times what I had acquired it for. So my quick math means, so 5.5 around 5.5 million in that range. That is correct. And given that e-commerce has slowed down since 2020, 2021, our sales of your product, of this FBA product continuing to be where you would hope in, in the earn out is unfolding the way you had hoped. Yes. But before even we could reach that earn out stage, I actually got some payout. So I'm not very sure if I'm allowed to have that discussion above that for I'd have to look into that.
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