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> the yearly revenue might be in the say 10+k range. So the business itself at "10 P/E" would be a roughly 100k dollar business

That would be P/S (price to sales), not P/E (price to earnings/profits). Not sure about web stuff, but for other small businesses no one would pay anywhere close to 10x P/S (or P/E for that matter but profits are more valuable than revenue).



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