Textile News

Surveys/Classified ads and more

23rd July 2018
This week's survey:
(These survey questions are sent in by our readers. Please spend a minute to give your answer to this week's survey as one or possibly more of your industry peers thinks this question is important and wishes to see your point of view as well as others in the industry.)  

All our surveys can be found by clicking here

The survey results on last week's survey ....

  • No wouldn't have a clue.
  • Perhaps even a better question would be - Do you pay attention to increasing the value / worth of your business or do you just chase revenue. As a consulting broker I can suggest that the vast majority of the owner operators within the broad graphics segment dont pay anywhere near enough attention to the worth of their business. All well and good to say it doesn't matter because you dont want to sell for quite some time but what happens if illness or debilitating accident strikes - sure chances are you pay insurance however - not at least seeking to continuously increase the worth of your (probable)largest asset may more than counter any insurance policy you hold.
    PS. increasing the worth of your business need not mean simply increasing revenue.
    (Michael, A.S.Fisher Co)  
  • There isn't a "true" value. Thats very subjective.
    There is a 'market value', same as a house;i.e. what someone is prepared to pay on the day and there is a 'net value' applied by accountants when they weigh up the net assets and are probably working for the buyer as this si the lowest price (no regard to IP or sales) and just to confuse you even more there's the sales averaged over the last two years muliplied by a factor (in the service industry from 2 times to 10 times) and then there' s the best one for a seller- average the net profit before tax for the last 2 years and multiply it by a factor up to 20x for IP (intellectual property including potential growth).
    I think the industry average is 5x to 10x depending on the size of your business.
    And just when you are getting excited and the deal is about to close, the buyer brings in chartered accountants to do due diligence and they spot that you haven't allowed for long service leave in your P&L as a liability (because you never did!) and they whip that off your price agreed.
    So it's an easy question with many answers depending on who you are talking to.
    To make it easy just average the last 2 or 3 years net profit before tax and multiply by 4 for a quick idea.
    The above applies to a service company printing or graphic design or both and does not apply to a social medi app that can be valued at 5000% sales... you get the drift.
    Im not an accountant by a long shot but employed many professionals and negotiated with some of the best in selling service businesses.
    (Rob, BigPrints Pty Ltd)  
  • Yes. Unfortunately $NIL.00
    As a sole trader, it would be very hard to get someone to do all the tasks required these days. Today, people want to do only one role or another. There are advantages and disadvantages of no staff. One being no business to really sell. I hope those owners reading this do invest some money in other areas like shares or property or superannuation, just in case the business has no value.
  • What a great question! There is a lot to talk about on this topic. Probably not enough space in the survey form. However, the first word jumps in front of me is the "SUSTAINABILITY". The sustainability shall not only apply to your business but also extends to your clients' business through your products and services offering.
    (William, ADI Displays)
  • No, but if I wanted to sell, I would employ an expert to give me a estimated value.
(As a publishing practice to protect ourselves from any potential liability, company and individual names that are referred to negatively in any of these comments are removed.

In addition we reserve the right to remove comments that are either considered offensive or are blatant advertising for one product or company)

You can view most the surveys we have done by  clicking here. 

Please spend a minute to give your answer to this week's survey as one or possibly more of your industry peers thinks this question is important and wishes to see your point of view as well as others in the industry. 

If you have a subject that you would like us to survey, please send your subject to  brian@wideformatonline.com 


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My wife Andrea found out that our dog (a Schnauzer) could hardly hear, so she took it to the veterinarian. The vet found that the problem was hair in the dog's ears.
He cleaned both ears, and the dog could then hear fine. The vet then proceeded to tell Andrea that, if she wanted to keep this from recurring, she should go to the pharmacy and get some "Nair" hair remover and rub it in the dog's ears once a month.
Andrea went to the store and bought some "Nair" hair remover.
At the register, the pharmacist told her, "If you're going to use this under your arms, don't use deodorant for a few days."
Andrea said, "I'm not using it under my arms."   
The pharmacist said, "If you're using it on your legs, don't use body lotion for a couple of days."   
Andrea replied, "I'm not using it on my legs either.  If you must know, I'm using it on my Schnauzer."
The pharmacist said, "Well, stay off your bicycle for at least a week."
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