Business Valuation

[Aspire]

I need someone that is experienced in conducting business valuations/appraisals, specifically for a restaurant. Does anyone know someone?

In searching the forums I found suggestions to work with local banks, although this was for property, I am looking into that option as well. However, would love to have a DR1 vetted appraiser to work with on getting an appropriate value of restaurant.

Thanks!

 

[Black Dog]

There are two aspects to look at, first is the premises, is it freehold or rented?
Second is the business itself, are audited accounts available?

 

[PeterInBrat]

I've seen two operational restaurants sell successfully in Sosua where the new owner didn't have to start from the ground up-- Rocky's and Britannia. I'd suggest you contact the current owner of Rocky's about how he and the former owner came to a fair price. The current owners of Jolly Rodgers might be another good resource.

Most businesses want completely unrealistic selling prices, based on their best years or seasons. It's less risky to buy an undeveloped property and then have a freehold with brick and mortar equity. Some businesses have been for sale for close to ten years, simply waiting for someone to meet their price.

 

[Bigocean]

Don't forget to review the tax records of any prospective business as well. They will give you some idea of profit/sales, probably on the low side as people tend to optimize their tax liability, but should give you a feel for what the business is doing and if they are up to date on taxes as well.

I need someone that is experienced in conducting business valuations/appraisals, specifically for a restaurant. Does anyone know someone?

In searching the forums I found suggestions to work with local banks, although this was for property, I am looking into that option as well. However, would love to have a DR1 vetted appraiser to work with on getting an appropriate value of restaurant.

Thanks!

 

[JohnnyBoy]

All of the debts, all of the assets minus depreciation there are different formulae for different businesses. Is it a cash business, is there alot of capital equipment, are there unpaid taxes or leins from suppliers? Do you have an up to date income and expense

Restaraunts are a tough business the lease has alot to do with the price. If you have a decent lawyer I would ask him