As for valuation - you can work off multiples of earnings - ie: what is the company's current profitability, and work off a multiple of that....
You need to start with a good accountant who has done this before. Be prepared to pay top € for this service.
I think thats the tricky bit! I would appreciate anyone's experience of this. I have approached a particular firm about getting a valuation but it their fee was based on a % of the valuation (or a minumum fee of €10k). It would've been in their interest to value it as much as possible!!
If I can find a reputable company / accountant to do the valuation that is agreeable to both the current owner and me I don't mind paying the money. Don't really want to end up having to get 2 separate valuations if possible.
I don't want to divulge too many details here - sorry about vagueness!!
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