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Specific industries generally have specific formulae which are applied by experts to value their business. For example, businesses in many industries are valued as a multiple of gross sales. A stationery business might be valued at 5x gross sales, a grocery at 3x gross sales, etc. Other businesses might use other formulae. You should find an accountant who is knowledgeable about the industry to provide you with a value. If there is a trade association in your industry, it should be able to help you find an expert valuator who can do the appraisal dheaply.
Answered on Feb 03rd, 2014 at 3:22 PM