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Evaluating what carpet business is worth?

Printed From: Carpet Cleaning Forum
Category: Carpet Cleaners Discussion
Forum Name: Business Marketing Advertising and Promotion Discussion
Forum Description: How do you successfully promote your business? Offer and receive advertising tips
Printed Date: 24/May/2024 at 1:13am
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Topic: Evaluating what carpet business is worth?
Posted By: mike78wmdayton
Subject: Evaluating what carpet business is worth?
Date Posted: 28/May/2008 at 2:12pm
  Padman told me people generally might pay about 50% of profits for a year when buying a business from somone.  He said that was about standard rule of thumb..

So is paying half of a person's profits.. thats at the high end of retail right?

so maybe about 30 to 40% of that would be say a fair price?>

Does anybody know some general things about buying and selling carpet businesses and how a person can figure a value.. ?


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