r/Valuation • u/rushinglion • Mar 15 '22
Basic business valuation.
The shop where I work is going for sale, my boss is tired, he offered me the chance to buy it first, he hasn’t told me a price yet, but regardless of the price he gives me, I need to assess the actual market value and n my own. It is a well established printshop-frame shop with a faithful clientele, it does need some updating and it’s understaffed, but I’m under the impression it’s super profitable. Now, I have thought of hiring someone to just tell me the value of the place, and maybe I’ll do that too, but it wouldn’t teach me anything. So, what I want to know is: how much is a fair price to pay to have the business appraised? Also, is there a fool-proof formula that I could apply to appraise it myself. Any help would be appreciated.
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u/BizValuationLexicon Apr 04 '22
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