6 Months to Buy a Business with $1m+ in EBITDA
Acquiring Minds
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What I've Learned From a Leverage Buyout
I had been prequalified by a NSBA lender that the acquisition lab uses at two and a half million with my own funds. So I kind of use that as my baseline as that's what I thought my kind of top end size was going to be. And then 800 times a 3x multiple gets you right to your two and ahalf million number for the preapproval. Yeah. What it was for me was before I really kind of knew what SDE, EBITDA really met or how much debt coverage would be required. It's not true cash flow to me when you're seeing what's represented in EBITDA earnings,. There's obviously a lot of other costs that
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