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How do you typically price a bar/tavern to sell?

Interested in selling my bar/art gallery in a busy sought after location in Wilmington but not sure how to price it.

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Answers (1)
Marc L. Able
Benchmark Business Brokers
Caddo County, LA
Premium Broker

Hello, Lynn. If the business owns real estate you would take an appraised value for that, then add up the total value of all your furniture, fixtures and equipment. Once you have determined those values take a multiple of your net income (generally 3xs in the bar industry) and a value for the goodwill of the business. Sum these figures, take into account competition, location and economic activity in the area and this should be a pretty "fair" value. Hope this helps! I have lived and done business in your state, call if I can be of assistance.

Feb 5, 2016