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Registered
Join Date: Jan 2003
Location: Idaho Falls, ID
Posts: 1,199
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How to value a business??
My boss has recently offered to sell me his business. It is an independent auto repair shop. I have worked here for the past 9 years and currently do a large portion of the management responsibilities.
My question is: Other than the "real" value as in real estate and equipment, how do you figure a value for a business? It is well established and has been in business for the past 21 years. The shop currently grosses 450-500k a year.
He is currently working with his accountant and an appraiser. I'm just curious as to how you establish a value.
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75 914 - Undecided.
80 931 - Gone, but not forgotten.
72 914 - old toy- sold.
And a whole bunch of German scrap metal shaped like 924's.
Old enough to know better, and stupid enough to do it anyway!
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