GingerLing

camberwellcarrotfactory, on 2011-08-03 13:41:51, said:

Andy, thats a very kind offer, much appriciated, I'll PM you now.

CharlieH, on 2011-08-02 21:09:33, said:

Thanks Charlie, I'll check out the Post Office as you suggest.

PhilHarries, on 2011-08-02 21:33:03, said:

Exactly, the crockery is about 6-7kg, the rest wasgoing to be 200yards of bubble wrap and a cast iron cage! I am taking a chance.

CallumW, on 2011-02-09 12:09:48, said:

Callum, if you were selling in the UK a good starting point would be to factor the net  profit by 2-5 times depending on the goodwill in your contracts. If there is a track record of repeat business over 3 years than factor for 3.  You mentioned gross profit rather than net, so assumming a net of $40k per annum and assuming the last 3 years were the same, you would value at $120k+. Add to that the value of any IP on the product you produce and assets you want to appropriate to the business.

Sounds like you are the key to this business, anyone buying the business would be aware that and that the staff used to deliver the service / product are not tied to the business. These are two factors that addresses would increase a sale value otherwise they are unknowns which introduces risk and reduces the potential value. If you haven't already, get the freelancers tied into some contractual retainer. For yourself you need to demonstrate you can extracate yourself from daily operations and your function within the business can be undertaken by another person. Simply put, be clear about what you do.

Sounds like it would be a better idea to work you arse off for 18 months though and exploit the potential yourself, as you are probably best placed to exploit this potential, and then sell. Do this expansion using a company in HK or Singapore and benefit from the lower TAX liabilities than you would otherwise experience under UK duristiction. The extra money would pay for a European Tour professional golf coach and you could make up lost time on your game as a result

LennyW, on 2010-08-26 18:29:21, said:

When corporal punishment was revoked in the UK is started a long slide. I was an unruly little bugger as a child in school, the threat of cane, ruler, board rubber or dap were instrumental in ensuring not only did I know where the limits were, but I didn't drag everyone down with me by setting a bad example. Strict discipline needs to maintained at school, so everyone has a chance to get some education, you have all the freedom you like in life later to mess up your own life.