What is my fathers business Worth?
Posted October 24th, 2009 by admin 3 Comments »
polishpong3 asked:
My father has owned a family Hardware store that is not doing well anymore due to the “BIG BOXES”. The store has been in the family since 1955. The road its on now is a VERY busy four lane highway that is expanding all the time. The business brokers said that the building has deprecciated a bit but should that make a difference in how it sells? Lets say the building is worth 350,000 itself. Couldnt you make alot more off it just because of location? It is located just outside of Rochester, N.Y. What do you think is the best way to get a good profit for a business like that? Thank you.
My father has owned a family Hardware store that is not doing well anymore due to the “BIG BOXES”. The store has been in the family since 1955. The road its on now is a VERY busy four lane highway that is expanding all the time. The business brokers said that the building has deprecciated a bit but should that make a difference in how it sells? Lets say the building is worth 350,000 itself. Couldnt you make alot more off it just because of location? It is located just outside of Rochester, N.Y. What do you think is the best way to get a good profit for a business like that? Thank you.