Worth Of Business

Sir I am planning to buy a grocery shop and the owner is ensuring me that the business is in profit and will a good investment for the future but I want to know that how can I value the business on my own so can you tell me some tips to do that

[Shaleen]

Hey buddy the Revenue is the crudest approximation of a business's worth.

If the business sells $100,000 per year, you can think of it as a $100,000 revenue stream

You can also look these points for your business worth

What equipment?

Type of inventory the business has

How much the business own?

You'd have to buy all the same stuff if you were starting a shop from scratch, so the business is worth at least the replacement cost.

Tips to start a Grocery business

Prepare a store business proposal.

You may also need a business proposal if you plan to apply for loans and grants for funding assistance.

Apply for all tax identification numbers required for a grocery store.

Compute capital outlay.

Create a brand that represents the image of the grocery store

If you want more details then feel free to contact again