Considering getting a valuation for a beauty salon? Some thoughts on the industry sector. Day spas are popular personal services businesses. Their number speaks for itself – classified under the SIC code 7231, there are over 325,000 such establishments in the US alone. The industry employment of 907,250 people is quite large. Day spas and… Continue Reading
Wondering how the current economic situation affects business valuation? To gain an insight, let’s take a look at the fundamentals of business appraisal. Three approaches to business valuation The value of any business can be measured three ways, known as approaches: Market – by comparing the recent sales of similar businesses. Asset – by studying… Continue Reading
One way to value a business is by comparison to recent sales of similar businesses. As a result, you can estimate your business value from such market comps using valuation multiples. A Wide Range of Valuation Multiples to Choose From These multiples are ratios that help you determine your business market value in relation to… Continue Reading
If you are valuing a women’s apparel store, consider these important factors: Apparel retail shop value drivers Successful stores keep their rental expenses to within 10% of the gross revenues. Labor costs make up a significant factor that contributes to the store profitability and business value. The industry norm is to keep labor expenses under… Continue Reading