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I’ve searched every way I know how to ask this question here and online and can’t get an answer. So please could anyone tell me if I were to sell chilled food containing cooked meat from a gazebo how I would safely transport and store the food?
I may not always have access to electricity or a...
Thanks Mark, I’ve heard goodwill mentioned a few times but haven’t read up on it yet. I’m wondering at this point if it is in fact simpler to start from scratch (albeit more expensive)
I can totally see now how they can skew the value of their own business. Does that however mean that no cafe is worth little more than the value of their second hand equipment? How do people sell their business to turn a profit if this is the case? (Not that it’s my intention to have a short...
And Mr D does the net profit of the business come into consideration at all? I read that a business will value itself on average of 3-4 times its net profit? Is that something else entirely or is that part of how they come to the sale figure of the business?
Hi Lynn10,
Thank you so much for sharing your experience, I’m really glad I asked on here! I’m quite surprised at how much a business can over value themselves. It seems almost the norm though to inflate the sale price.
I naively thought it would be valued in a similarly professional manner...
That’s a fair point Mr D, it’s hard to think about what the end of the business will look like when you’re trying to establish the beginning of it but it’s something I need to consider thank you
Hi Clinton,
Would you mind explaining why you think a cafe that values itself at 40k may be worth nothing?
From what I’ve read, the value of a cafe is usually based on equipment and stock. Most of the cafes I’ve looked at in the county are valued between 25k and 75k with on average a 15k...
Hi everyone,
I’m taking this unusual time at home to do some research into a future business idea. Here comes a familiar topic for everyone which I am struggling to find specific answers to via the forum and other resources.......
I would like to open a cafe (I’m prepared for the onslaught and...