Case Study #53: Hustling Through a Pandemic
Nick and Dan started Storage Squad during college. Hustling during the pandemic set the stage for a sale to Pack Rat.
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Nick and Dan started Storage Squad during college. Hustling during the pandemic set the stage for a sale to Pack Rat.
This is the story of a business value doubling as it was being sold. An 85% cash/15% paid in a one-year note wouldn’t work anymore.
There are actually quite a few ways to do a small business valuation. In this article, we are going to focus on four of the most common.
Mark Carlson bought Minnesota Mailing Solutions in 1998 for around $1M and grew the business over 10 years, eventually selling it for $4.5M. It was his ability to stay unemotional and focused on business fundamentals that ensured he walked away with the best offer possible. In 1998 there was still a very large market for […]
What’s my business worth? This is a question any owner might ask himself when he/she is ready to sell. You close your eyes and think of all those long hours, sleepless nights, times you personally covered payroll (or didn’t take a paycheck), and struggle to put a number on what any of those sacrifices […]