Leinsterguy
Registered User
- Messages
- 5
Hi, looking for advice.
Small wholesale company near Dublin, owned 60% by an accountant, with other business interests, 40% by the guy who runs it.
Own warehouse, 3 staff, turning 900k.
Offering 10% of the company to get a good person in to help, then when the 40% guy wants to retire, he will sell another 10%, maybe more, any idea what the company value might be, or the extra 10% might cost.
40% guy took 100kmlast year in salary/income.
Business needs to be refreshed though, as it’s getting tired, needs new lines to sell, needs new energy, this they know.
The main thing is I will likely go in for the 10% on offer, and get a salary, but ideally I want to be at 40% in 5 years when the 40% guy is fully retired.
Small wholesale company near Dublin, owned 60% by an accountant, with other business interests, 40% by the guy who runs it.
Own warehouse, 3 staff, turning 900k.
Offering 10% of the company to get a good person in to help, then when the 40% guy wants to retire, he will sell another 10%, maybe more, any idea what the company value might be, or the extra 10% might cost.
40% guy took 100kmlast year in salary/income.
Business needs to be refreshed though, as it’s getting tired, needs new lines to sell, needs new energy, this they know.
The main thing is I will likely go in for the 10% on offer, and get a salary, but ideally I want to be at 40% in 5 years when the 40% guy is fully retired.