dickbaker - 11:06 pm on Mar 7, 2010 (gmt 0)
I've read with interest all of the posts about putting a value on a website for the purpose of selling it. What I'm not clear on is whether the value of the website includes the money that the website owner has been taking from it as income.
I know it sounds stupid, but I've often assumed something only to find out I was wrong.
So, if a website has, say, $500,000 in gross sales, and the owner takes the profit of $100,000 a year in the form of a salary, is the site worth some multiple of the $100,000?