Hi Sam,

You may be able to find some comparables in this industry - depending upon the size of the business. However, I would caution you NOT to put much credence in formulae. Multiples of gross sales is a burr under my saddle - sales may be phenomenal but that doesn't necessarily guarantee profitability. If I were to use multiples of any kind - it would be net income or cash flow.

I cordially invite you to visit my blog: http://www.AustinBusinessesForSaleBlog.com where I talk about the valuation of Small to Medium Sized Enterprises.

Thank You - Good Luck!
Julie A. Barnes, CPA
President, SBX, Inc.
http://www.SmallBusinessExchange.net
http://www.AustinBusinessesForSaleBlog.com
http://www.OneShoeForSale.com (just for fun)

Web reference: www.SmallBusinessExchange.net