Just need a reality check about something I am thinking about (selling or buying part of existing business - sorry title a bit misleading I guess) I own 40% of a business that has £150k t/o with about £100k gross profit per year (makes zero profit as we cover work through consulting charges to within £2k of the gross profit). If I wanted to buy out the other 40% shareholder only (or sell even) any idea on what sort of value? Used to be a multiplier on a yearly profit - but I know this has changed. Business 15 years old and a good performer for it's sector (is membership based). Has around 1000 paying members - which is declining year on year as competition increases. I am thinking if buying the 40% giving me 80% ownership, then 9-10 months gross profit (although I already take 50% of that number!) Given it could fall off a cliff if Google and Bing throw toys out pram this seems about right - it's a risk and needs some serious work on the site and model over the next 18 months so investment required! There is so much conflicting evidence - just wondering if anyone has similar experience with actual sales - rather than just conjecture from online 'gurus'.