quick sense check
No I'm not looking for a free professional valuation just a quick one sentence (yes I know it is not that simple but.....)
Client has a plant hire business (cranes) and does very well. T/over £1m, profit (before divis) £300k. No finance, no debt. They simply hire out the cranes they own.
Cranes have a market value of £600k.
Client asked in an email today - if I were to put my company on the market - what would I get?
Obviously, as I said above, there is no quick answer, but I am guessing a multiple of profits (say 3) as adjusted for salaries and the value of the cranes (lets assume no other assets/liabilities)
If it were 3x plus cranes the value would be something like £1.4m - any very brief thoughts welcome, I am seeing him this evening to sign his TR and a pint!