ai is telling me I can just buy a business that generates 100k of profit annually for 1-3x that price, and that I can even take out a loan to buy it and not have to pay it all upfront. is this true? other than the obvious risks of the business going under is this a cheat code to the easy life once it's paid off?
Yeah man, that's it. You are smarter than everyone else for finding this l33t hack.
>other than the obvious risks of the business going under>is this a cheat code
>>62825445Why would they sell the business if it was so easy and profitable?
>>62825445>business that generates 100k of profit annually for 1-3x that pricelmao
>>62831176that can be accurate depending on the business. professional services firms (accounting, law, etc.) will sell for 1-1.25x annual revenues. shitty "small businesses" that are basically buying yourself a job will sell for that as well.
