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lefthandpath

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Everything posted by lefthandpath

  1. For some reason the step moms lawyers have yet to provide any valuations. Since we rejected the first offer they are now saying we must provide a valuation. the shotgun clause idea is amazing but how will it work if we provide the valuation? Tomorrow we are suppose to meet with my gf's lawyer and a business valuation expert he is friends with. Her lawyer is almost certain that this will have to go to trial or before some judicial authority due to the bad faith and lack of interest in them having any sort of mediation that was offered before.
  2. 1. We dont have much insight into all financial details. My gf is young and being kept out of the loop on ALOT of aspects. 2. Compensation might have gone down due to her father dying and the step mom being the only other officer? 3. step mom manages the stores and each store has 2-3 revolving employees. I dont think the step mom is paying her self for anyone else below market rate. This whole situation is already 2 years deep. We have rejected the offer and offered mediation which her attorneys rejected. Tomorrow we are meeting with a business advisor to finalize our valuation to send over to them. The owner(her step mom) works there in a management position.
  3. Hello everyone, Long time lurker just registered to ask this question. Kinda an odd question so please bear with me but I Thought you smart people can help me figure out something. Im dating a girl whos father has died recently and left no will. She is the sole heir and has the step mom who her father married. In our state the heir and stepmom will split all assets 50/50. The assets included are a brick and mortar specialty food store selling oils and spices. My gf is wondering how she should value this business . Her step mom has low balled(we think) her and is pressuring her to sign over her part of the business. MY gf's dilemma is she doesn't know if its a fair value offer for her portion or just a low ball ,like i think it is. Here our the financial info Ive consolidated into an excel spread sheet: https://drive.google.com/open?id=1X6YpbDH5q3GMVVTG0zanItQ_WV9ukiyE She is being offered only 30k for 50% of her equity in the business. This to me seems kinda low basically a PE of 1. Can anyone shine any light on this situation? Does anyone have any intimate knowledge of private market valuations? Or perhaps a course of action that makes sense. We have retained a attorney but our budget isnt very high and valuation isnt his forte. IM doing my best to try to help her in any way I can. Thank you in advance!
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