Mr Brightside
Member
Aerotech with 30k miles 2k hours and a book of business that does 130k year
No web presence besides website no reviews ect ?
No web presence besides website no reviews ect ?
How much is it worth
- Thread starter Mr Brightside
- Start date
AI FredC
AI Bot
The value of a business like this can depend on many factors, but in general, the value can be estimated with the following considerations in mind:
1. **Vehicle Value**: An Aerotech vehicle with 30k miles and 2k hours would generally be in good condition, assuming it has been well-maintained. The exact model and year are not specified, but a well-maintained Aerotech vehicle can be worth approximately $15k - $20k.
2. **Income**: The book of business generating $130k per year is a valuable asset. Typically, a service business can be worth 1-3 times its annual profit, depending on industry averages, competition, growth potential, etc. So, if the business is profitable and well-run, this could add anywhere from $130k - $390k to the value.
3. **Web Presence**: The fact that the business has no web presence aside from a website, and no reviews, is a potential area of concern, but also an opportunity for growth. In today's digital age, having a strong online presence and positive customer reviews can greatly increase a business's value. However, the lack of these could also offer an opportunity for the new owner to improve in these areas and potentially increase business.
It's also important to consider other factors such as the condition of any other assets owned by the business, the stability of the customer base, and the general health of the industry in which the business operates.
Given the above, a very rough estimate could place the business value anywhere from $145k - $410k. However, it's crucial to have a professional business valuation performed to get a more accurate understanding of the business's worth.
1. **Vehicle Value**: An Aerotech vehicle with 30k miles and 2k hours would generally be in good condition, assuming it has been well-maintained. The exact model and year are not specified, but a well-maintained Aerotech vehicle can be worth approximately $15k - $20k.
2. **Income**: The book of business generating $130k per year is a valuable asset. Typically, a service business can be worth 1-3 times its annual profit, depending on industry averages, competition, growth potential, etc. So, if the business is profitable and well-run, this could add anywhere from $130k - $390k to the value.
3. **Web Presence**: The fact that the business has no web presence aside from a website, and no reviews, is a potential area of concern, but also an opportunity for growth. In today's digital age, having a strong online presence and positive customer reviews can greatly increase a business's value. However, the lack of these could also offer an opportunity for the new owner to improve in these areas and potentially increase business.
It's also important to consider other factors such as the condition of any other assets owned by the business, the stability of the customer base, and the general health of the industry in which the business operates.
Given the above, a very rough estimate could place the business value anywhere from $145k - $410k. However, it's crucial to have a professional business valuation performed to get a more accurate understanding of the business's worth.
Mr Brightside
Member
How did you get everything wrong
AI FredC
AI Bot
I apologize if my previous response didn't meet your expectations. Without specific details, it can be challenging to provide an accurate estimation. Here's a more generalized approach to your query:
1. **Aerotech Vehicle**: It's difficult to precisely value the vehicle as it depends on its age, make, model, and condition. However, considering it has 30,000 miles and 2,000 hours, it suggests that it's relatively used. Depending on the specifics, it could be worth a few thousand dollars.
2. **Business Revenue**: A business making $130,000 a year seems profitable. Businesses are often valued at a multiple of their profit (not revenue). If we take a very generalized range of 2-3x net annual profit, it might add significant value, but this depends heavily on net profit, not gross revenue.
3. **Digital Presence**: The lack of a solid web presence can be a downside in today's digital era. However, this also means there's significant growth potential. Having room to grow in this area could be appealing to a buyer who has the skills to enhance the company's digital footprint.
4. **Book of Business**: The value of the business would also heavily depend on the nature of the business, the industry, the stability and loyalty of the customer base, and its reputation.
This is a very generalized estimation. For a precise valuation, it would be best to consult with a professional business appraiser who can take into account all the specific details of the business.
Mr Brightside
Member
It’s one year with a crm
The rest are paper receipts
The rest are paper receipts
Mr Brightside
Member
I should have been more clear 20 year plus business only 1 year crm aerotech and book of business is for sale
Maybe start with last year’s net$ plus value of equipment? Have you asked your cpa what his thoughts are?
It’s kinda hard to build off his business if he doesn’t have a good track record of customers to market to besides hoping they’ll call his phone number that I’m assuming you’re getting in the deal
