But you need enough information to understand how the business actually makes money.
Tax returns, P&Ls, bank statements, POS records and merchant processing can all tell part of the story.
Seller Finance
The Restaurant Due Diligence Reality Check: 4 Ways Serious Buyers Verify Revenue Before Closing
No tax return, POS report, or seller interview would have revealed that discrepancy as clearly as physically observing the operation.
The old saying applies perfectly here:
Trust, but verify.
7 Things That Can Increase the Value of Your Florida Pizza Restaurant Before You Sell
If you’re thinking about selling your pizza restaurant, here’s something I tell owners all the time: Don’t put it on the market before you know what a buyer is going to see. The difference between an average pizza shop and a highly desirable pizza shop can have a major impact on the sale price. The […]
The Hidden Math of Pool Routes: 5 Surprising Insights Into Buying a Service Business
Generally, these businesses sell for approximately two times their annual cash flow, which often equates to roughly one year of total revenue.
I Need to Sell My Business in Tampa: Where Do I Start?
Selling a business involves valuation, confidential marketing, buyer qualification, negotiation, financing, due diligence, legal documents and closing.