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Buying Existing Businesses to Make Millions with Codie Sanchez #577

How to Money

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How Do You Know if a Business Is Worth It?

You should really spend the first 30 to 60 days learning how to do acquisitions before you do them. Sub $5 million in revenue typically trade at a profit multiple of two to let's give it like 6x. If I make it 100k in profit in my pocket, I should be selling that business for anywhere from let's call it 200 to $600,000.

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