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How do I determine the value of a bar I want to buy in Wilmington NC? I do not know where to find comps.

I do have the profit and loss info. but I don't knoe how much small bars are going for these days. Can anyone help?

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Answers (2)
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Tidewater Associates
SC
Premium Broker

Have you peformed a valuation on the business, that you are seeking to Buy?.......Please advise. We would be happy to provide you comps and a compimentary valuation, on the business your are seeking to purhcase. Kind regards, Ken.

Jan 3, 2011
Steven St
World Business Partners, Inc
Los Angeles County, CA

The only way to get a true value of a bar is talk to people in the industry in your area that are involved in buying and selling bars. But make sure they are not trying to sell you a bar. What I would tell them is that you are looking to buy a bar in x area and ask them if they can show you some recent comps of bars that have sold. Do not ask this to the broker who is trying to sell you a bar. Tell them that you are looking to buy one in the future when you have the cash to buy one, but you want to know how much you will need to save up to buy one. You can also talk to some bar owners about what they think a good price would be.

You can also go to the court house and find the records yourself.

The key is gets a diverse range of opinions and research and above all KNOW YOUR MARKET AREA!

What a bar would sell for even a few miles away may be totally different from what you are looking at.

Hope this helps.

Apr 24, 2009

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