KZNSeagull
Well-known member
Dear wise ones of NSC
I am selling my shop here in SA and have someone interested in buying it, but I need to value it. Having looked on the internet, there seem to be innumerable ways of doing this. I don't particularly want to get business brokers involved as they will want their 10% and selling it to the first person I mentioned it too would be a bonus, so am wondering if there is one usual way of doing a valuation?
The shop makes a reasonable profit (just under 50% of turnover), the building is leased not owned, the assets are the shop fittings, the computer and computer system and other bits and bobs plus stock of course. People used to talk about goodwill, but I think that is old hat nowadays, Am thinking along the lines of fixed assets plus a percentage of profits (dunno what percentage though) plus stock.
Any ideas and advice gratefully received.
I am selling my shop here in SA and have someone interested in buying it, but I need to value it. Having looked on the internet, there seem to be innumerable ways of doing this. I don't particularly want to get business brokers involved as they will want their 10% and selling it to the first person I mentioned it too would be a bonus, so am wondering if there is one usual way of doing a valuation?
The shop makes a reasonable profit (just under 50% of turnover), the building is leased not owned, the assets are the shop fittings, the computer and computer system and other bits and bobs plus stock of course. People used to talk about goodwill, but I think that is old hat nowadays, Am thinking along the lines of fixed assets plus a percentage of profits (dunno what percentage though) plus stock.
Any ideas and advice gratefully received.