donecookn
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Total Posts:
16
- Joined: 8/27/2003
- Location: no where, NJ
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Buying or Selling a Restaurant
Sun, 05/29/05 11:16 PM
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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.
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bassrocker4u2
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Total Posts:
534
- Joined: 11/12/2003
- Location: new holland, PA
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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......
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donecookn
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Total Posts:
16
- Joined: 8/27/2003
- Location: no where, NJ
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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
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2010Vision
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Total Posts:
12
- Joined: 5/18/2005
- Location: Austin, TX
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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
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