How to sell your business for more than a multiple of EBIT. “Shoot the inventor” and other tips from Marc Johnstone
Not so long ago, Marc Johnstone’s business, Shirlaws, was approached by two business owners. They wanted to exit their event management business. Although the turnover was significant, the margins were woeful. In fact, its profits equated to only $50k per year. So, how did Marc’s business step in and help these business owners walk away…
