Sell us your business, its worth a multiple of it’s profits and if you hold a certain level of EBITDA or other margin for a couple of years, we will pay you out as agreed.
Translated Version –
To get a fair price you will have to screw down every cost carte blanche and freeze all investment into your firm…
When you have killed the golden goose we will package up the mess that’s left into our offering, call the thing a national wealth manager and try to shift it on to some unwitting buyer.
And the boys in the city wonder why these things don’t work!?
It’s a wonder the ‘boys in the city’ can get anything to work!
Punchy!
I agree. That is why we, a simple family owned chain will always be happy to talk to commercial brokers with a view to continuing a professional and equitable service.
I have been telling your salesmen that for years…
Oh, and you forgot to add in the “of course you churn all your clients into our funds” part of the deal.
Steve
Do you have a consolidator in mind with this?