I would like some advice from others on what they percieve the value of my retail website business to be based on the data I provide. I am trying to determine what to sell my business for: Your input is greatly appreciated!
What it is: Online clothing retailer (no store front). I hold no inventory in a warehouse. my suppliers drop ship for me.
My only method of advertising currently is facebook. I work roughly 25 hours per week. Profit margins are approximately 70%.
years in business: 3.5
Estimated Sales and Pre Tax Profits:
2012: Gross Sales $127,000 Pre Tax Profit: $94,000
2013: Gross Sales $147,000 Pre Tax Profit: $107,000
2014: Gross Sales $175,000 Pre Tax Profit: $123,000
2015: Gross Sales $250,000 Pre Tax Profit: $178,000 (estimated earnings)
A little over 15% year over year growth. But in 2015 I have over 40% growth...
Why a jump in growth in 2015? Only thing I can think of is that I changed the "style" of clothing I was selling. I switched up some products that seemed to be hotter trends.
What multiple would be appropriate to value my business? 2-3?
What it is: Online clothing retailer (no store front). I hold no inventory in a warehouse. my suppliers drop ship for me.
My only method of advertising currently is facebook. I work roughly 25 hours per week. Profit margins are approximately 70%.
years in business: 3.5
Estimated Sales and Pre Tax Profits:
2012: Gross Sales $127,000 Pre Tax Profit: $94,000
2013: Gross Sales $147,000 Pre Tax Profit: $107,000
2014: Gross Sales $175,000 Pre Tax Profit: $123,000
2015: Gross Sales $250,000 Pre Tax Profit: $178,000 (estimated earnings)
A little over 15% year over year growth. But in 2015 I have over 40% growth...
Why a jump in growth in 2015? Only thing I can think of is that I changed the "style" of clothing I was selling. I switched up some products that seemed to be hotter trends.
What multiple would be appropriate to value my business? 2-3?
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