Building an HVAC Holdco to £60m in Revenue
Acquiring Minds
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The Multiple Multiple Increases When You Add Businesses
I would put the valuation the multiple multiple when we talk about valuation down to a number of things. So risk is one factor now I think if you have a number of businesses in slightly different with a slightly different value proposition servicing slightly different customer bases, etc. That's diversification. Number two is demand on the demand side if you look at the number of people that are operating in that in that pyramid,. You've not probably got enough buyers for sellers because there's so many thousands and thousands of businesses which won't sell will end up closing. The third point I think the impacts is clearly the growth potential in the business. If you're buying a business that has been flat and has always
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