Re:Ask HN: Any advice for someone looking to buy an existing...
by 6DM on Monday April 24, 2023 @03:36PM
(#35692117)
Learning about both sides of the transaction is valuable info, thanks! I remember this article from way back. I didn't remember that he recommended selling through a broker. I would like to look into his recommend broker some more.
Cashflow, but since most websites have such a high profit I assumed that's pretty close to their net income. Will have to dig in to find out more. I am just getting started so I wasn't sure what to look for.
Re:Ask HN: Any advice for someone looking to buy an existing...
by throwaway280382 on Tuesday April 25, 2023 @04:11PM
(#35706055)
I was part of FE International newsletter. So, I got to see financials of some companies.
You always have costs. Like stripe costs, hosting costs, licenses etc.
So profit is never 90%, its typically like 30% of gross
Are the $8K total revenue or the net income?