LC Posted August 26, 2014 Share Posted August 26, 2014 Has anyone looked into buying local businesses? I periodically browse biz upswell.com and there are businesses, albeit not great ones, selling for 2-4x cash flow. The seasoned appraisers here will argue there is a reason for this (commodity businesses, geographic concentration, etc.) but for something like a convenience store or coffee shop, I would imagine it's not hard to manage. Does anyone on the boards have experience with this, or know of obvious pitfalls to look out for? Just curious, TIA. Link to comment Share on other sites More sharing options...
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