i could have sold sooo much glass but i didnt want to give you know who the opportunity to send lawyer letters to me plus who needs it.
I have more than enough food on my plate… this thread has enough research already if i was a hungry person i can already make a 1/2m next year off the information i see in this thread already!
Some will see the angle…some wont. But i have enough… i want all of us to have a fair piece of the pie… I already have a big enough slice for my appitite…
In a previous life my (medium-big) firm was happy with a 1.3x average as well. At the end of the day, some paid 10x, some paid 0.8x, you just had to roll with it and make sure that average stayed up over medium-long timelines.
Manufacturing I’ve always heard 3x for consumer-type products with reasonable volume and without excessive amounts of R&D. That goes up as volume drops and R&D spend goes up, obvs. But I frequently see 100% custom come in under 10x.
And that’s manufacturing, not reselling. I bet you could squeeze a damn good living out at 2x as a reseller of a lot of this shit. 1.5x-2x seems to be around where the lower end stateside china brands are.
I’m glad at least a handful of people got the point of the thread - opportunity looks a lot like hard work most times. Finding ImportYeti made me seriously consider spinning up a side project in a couple of areas. Not that I have the time, of course.
Instead, of course, we get a lot of the “you don’t understand business, we provide a SERVICE” screeching from the peanut gallery… which sounds a lot like a landlord trying to justify their existence to me.
Anyone who doesn’t provide any real value-add and is just reselling something made by someone else better expect to have their margins squeezed by people who don’t feel the need for 4x-10x.
Bro, I will run your scientific glass section if you want! Quality Lab Parts, a Quality Stainless Parts, subdivision centered on the delivery of top Quality Lab Supplies nationwide!