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SVTPerformance's Chain of Restaurants
Road Side Pub
Buying an existing business
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<blockquote data-quote="rborden" data-source="post: 16687359" data-attributes="member: 160221"><p>Somewhere between book value and net profit is a fair price. </p><p></p><p>Dave Ramsey has a great article on buying a business and covering your ass. </p><p>[URL unfurl="true"]https://www.ramseysolutions.com/business/how-to-buy-a-business[/URL]</p><p></p><p>Ask to see the books for the past 5 years and let a CPA go over them and give an estimate/appraisal of the business. </p><p></p><p>Get an estimate/valuation of the land, shop/building and the equipment on hand.</p></blockquote><p></p>
[QUOTE="rborden, post: 16687359, member: 160221"] Somewhere between book value and net profit is a fair price. Dave Ramsey has a great article on buying a business and covering your ass. [URL unfurl="true"]https://www.ramseysolutions.com/business/how-to-buy-a-business[/URL] Ask to see the books for the past 5 years and let a CPA go over them and give an estimate/appraisal of the business. Get an estimate/valuation of the land, shop/building and the equipment on hand. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Buying an existing business
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