For the last 6 years I’ve been buying well-run small businesses for 5x earnings.
In the first 30 days, I take the websites offline, move the companies to sad office parks with drop ceilings, install fax machines at the front desk, and bringing in 75 year old actors to pose as the CEO.
I then sell the companies to people with MBAs for 10x revenue so that they can feel useful “turning the company around”