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The property is rented but everything in the store is paid for with an insured value of $30,000. No debt. Our first year of business that ended July 31 we did $ 1,200,000 plus or minus in sales. Net profit is near $110,000. Any ideas how to value this? Ballpark guesstimates.
"Depends on the potential the buyer sees in it"
That's really the key. Somebody unfamiliar with our business wouldn't understand it but an online competitior could see it as great value. Who knows what would happen if we used adwords aggressively. We stopped using them two months ago and sales actually increased. Naturally we do have very good SERP positions.