Any research you’ve done on Buying Businesses will teach you that a Business ultimately sells for what someone is willing to pay for it. An asking price for a business is basically an opinion since COMPS for similarly sold businesses don’t exist.

You can show 10 Income and Expense Statements to 10 different Business Brokers/Bankers/Appraisers and get 10 different valuations. Continue reading "If a Business for Sale Interests you Submit an Offer"