> Usually they need the money for investments or have unexpected expenses that force them to sell. Some are just tired of their projects, but this is rare.
2-3x on EBITDA is a pretty common multiplier for small businesses earning less than $500k/year. Especially if that EBITDA doesn’t include an owner taking a salary.
You can only really achieve 10x+ for companies that proce they’re growing or have reached significant and stable profitability.
But when they do sell them, why for so little?