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 Buying or Selling a Restaurant

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donecookn

  • Total Posts: 16
  • Joined: 8/27/2003
  • Location: no where, NJ
Buying or Selling a Restaurant Sun, 05/29/05 11:16 PM (permalink)
Is there a formula for estimating the worth of a Restaurant?
I am not buying or selling just trying to settle a arguement on how it is all figured out. I say gross sales over 5 or 10 years added together then divided by number of years.
 
#1
    bassrocker4u2

    • Total Posts: 534
    • Joined: 11/12/2003
    • Location: new holland, PA
    RE: Buying or Selling a Restaurant Mon, 05/30/05 9:57 AM (permalink)
    there are three different formulas that i used to determine the worth of my place before i listed it for sale. i then used the middle numbers. the most practical is that one year gross sales= sell price. there are many factors that come into play such as real estate, leases, age of equipment, condition of building and equipment, and tons of other things. ultimately, a business is worth whatever someone is willing to pay for it, same as a house. my restaurant is for sell, if anyone is interested......
     
    #2
      donecookn

      • Total Posts: 16
      • Joined: 8/27/2003
      • Location: no where, NJ
      RE: Buying or Selling a Restaurant Mon, 05/30/05 10:22 PM (permalink)
      Thanks so much for helping me out. Ok I lost the bet but ......
      lol
       
      #3
        2010Vision

        • Total Posts: 12
        • Joined: 5/18/2005
        • Location: Austin, TX
        RE: Buying or Selling a Restaurant Tue, 05/31/05 2:11 PM (permalink)
        Net Sale (Monthly) = Gross Sale - Sale Tax * 3 = Price

        quote:
        Originally posted by donecookn

        Thanks so much for helping me out. Ok I lost the bet but ......
        lol
         
        #4
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