Re:Kalzumeus Software Year in Review 2016
by sethev on Friday December 30, 2016 @02:15PM
(#13286543)
What are you implying? He said in the post he paid off most of his creditors after closing. If the final price was $215k it certainly seems possible to pay off most of $120k with that.
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Re:Kalzumeus Software Year in Review 2016
by forgetsusername on Friday December 30, 2016 @04:16PM
(#13287533)
>If the final price was $215k it certainly seems possible to pay off most of $120k with that.
Right. I was "implying" that perhaps the business wasn't as good a business as I thought.
Re:Kalzumeus Software Year in Review 2016
by charlesdm on Friday December 30, 2016 @09:37PM
(#13289129)
A business like AR with $60k in profit sold for $215k seems like a pretty good deal for the seller.
On a yield basis, that seems like a great deal, but given the work involved (+ chance of the business being disrupted), I'm not sure I like that profit to price paid ratio. It certainly isn't a price I would have paid.