Can someone/mod tell Rick Reeno I want to buy Boxingscene

[B.UTLER]

I got $50k offer..

[BoxingFan85]

I got $50k offer..

I'll pay you $5k more, come join boxingscene as an office boy..

[Eff Pandas]

Its worth $224k cheapskate.
http://www.siteprice.org/website-worth/boxingscene.com

[B.UTLER]

Its worth $224k cheapskate.
http://www.siteprice.org/website-worth/boxingscene.com

Interesting... I thought this site is worth millions... ads only $5500 a month? I make 2x that..

[.!WAR MIKEY!.]

why would he sale one of his passive income?

[Sugar Adam Ali]

I'll pay you $5k more, come join boxingscene as an office boy..

Its worth $224k cheapskate.
http://www.siteprice.org/website-worth/boxingscene.com

Interesting... I thought this site is worth millions... ads only $5500 a month? I make 2x that..

As someone that actually buys businesses for a living, let me give some advice

Evaluation comes down to 1 thing

Earnings--

It isn't revenue but earnings
Now you add a multiplier to earnings... bottom range is 1.5 and top end is 7... the more profitable the higher the multiple..

That's your starting point, then you have to consider hard assets--- servers, real estate, etc... and that can added to price tag, usually at fair market rate..

Then you may add on growth potential in certain cases, but usually very hard to quantify and get actual value since it's all theoretical, and I highly doubt growth is involved in a non-monetized website... really their only revenue is thru ads which is based on traffic volume, and whatever kick-backs they take from boxing promoters to put up BS hype articles



First thing to actually set a ballpark figure is to see financial statements like p&l for the last 24 months and tax returns.. until you have that info, you are just flailing away in the dark


I usually charge several hundred dollars an hour for this type of advice, but I will let it go for free since you a fellow lounger

[siablo14]

As someone that actually buys businesses for a living, let me give some advice

Evaluation comes down to 1 thing

Earnings--

It isn't revenue but earnings
Now you add a multiplier to earnings... bottom range is 1.5 and top end is 7... the more profitable the higher the multiple..

That's your starting point, then you have to consider hard assets--- servers, real estate, etc... and that can added to price tag, usually at fair market rate..

Then you may add on growth potential in certain cases, but usually very hard to quantify and get actual value since it's all theoretical, and I highly doubt growth is involved in a non-monetized website... really their only revenue is thru ads which is based on traffic volume, and whatever kick-backs they take from boxing promoters to put up BS hype articles



First thing to actually set a ballpark figure is to see financial statements like p&l for the last 24 months and tax returns.. until you have that info, you are just flailing away in the dark


I usually charge several hundred dollars an hour for this type of advice, but I will let it go for free since you a fellow lounger

What type of businesses do you own? Last I heard it was a little gym.

[Sugar Adam Ali]

What type of businesses do you own? Last I heard it was a little gym.

Lol,,, little gym,,, don't know where you got that at..

I own several bars and restaurants

Involved in a franchise

And own commercial real estate

Alittle residential property

And have funded some small businesses, one being a gym

I'm like a white trash low budget, poor man's warren Buffett LOL

[Sup]

What's the first thing you'd do as the president of the forum/website?

[siablo14]

Lol,,, little gym,,, don't know where you got that at..

I own several bars and restaurants

Involved in a franchise

And own commercial real estate

Alittle residential property

And have funded some small businesses, one being a gym

I'm like a white trash low budget, poor man's warren Buffett LOL

Rock on then, sir. The gym reference was because the first time I noticed you on here, you were ranting and raving that you were not a racist because you had just hired a Black guy to work at your gym. One token Blackie!