Does SDE take into account COGS?
Hello! I’m just starting to educate myself on business valuations as I may be looking to sell my small I.T. business to my employee. I’ve downloaded the business valuation worksheet, which is very useful, but I’m not sure of one thing. When it asks for Yearly Business Expenses, does that exclude COGS? That’s the impression I get from what I’ve read, but I don’t know if that’s correct.
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