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considering selling my established retail business. How do i set an asking price?

proven business, prime location for oil & gas.
retail and contract work clothing FR flame resistant and safety boots

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Answers (3)
Paul Forsberg
Corporate Business Brokers, Inc
Brevard County, FL
Premium Broker

You're at the perfect place -
BizBuySell has a business valuation tool. It works based on % of gross sales in your industry group, or ratio of your EBTDA income.

It'll take you about 10 minutes.

Or, contact aa business broker in your area and ask them to do one for you.
You'll be better off and stand a much better chance of getting a better price, less aggravation and a faster sale if you use a Business Broker.
The fee they charge is negligible, and more times than not, they will get you more than their fee - thereby netting you more money.

Oct 15, 2015
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Signal Hill Holdings, LLC
General Partner
CT

It is easy to get a quick valuation from any of the retail business brokers for free. Or it should be. I can give you a very rough idea. Take a sheet of paper, write down the current earnings of the store for the last and most recent full year. Then multiply by three, then add to that number all the "assets" that need to go with the company to the new buyer. Such as inventory mainly. You keep the cash and make sure liabilities are paid off. You will come up with a number that is probably too high but is probably a good reference point.

Rock
www.lbo-deals.com

Sep 29, 2015
Blake Corners
Douglas Group
M&A Advisor
Saint Louis County, MO

Hi Lisa,

As you are probably well aware of already there are numerous contributing factors that go into any business valuation. Achieving the maximum value for their hard work over the years is a significant priority. In the end it all comes to finding/partnering with the "right" buyer. And as I am sure you are well aware of in the business world it is all about the right connections. Getting to right attention from the right buyer, strategic or equity buyer, can make a world of difference in the price that a buyer is willing to pay b/c many buyers value things differently and have varying motives for what they might be willing to pay.

In dealing w/ successful business owners, I can relate to the confusion in the sale process. I am a merger & acquisition advisor for a private boutique firm.
Refer to our website below for further details.

I would love the opportunity to chat further with you.
Please feel free to contact me at your convenience.

Sep 25, 2015

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