How much is a bookstore worth? It depends on a number of factors, including the strength of current operations and financial performance. While there are a number of approaches to determine a fair range for a business, not all are appropriate for retail, plus there are some aspects of a bookstore business that make it different from other forms of retail.
A formal business valuation, performed by an objective professional, allows you understand what the business is truly worth. The best outcome is one where all parties believe the price is fair.
Working in partnership with the CPA firm of Courson & Stam, we’ll apply valuation methods appropriate for bookstores and provide you with a price range for the business plus reasons behind the numbers. Paz & Associates provides an overview of the bookstore business and describes any investment needs and opportunities. This is not a full audit of the business, but a valuation for the purpose of negotiating a transfer of ownership. We work on a fixed fee of $850 plus any office expenses.
Whether you're a buyer or a seller, a business valuation will give you comfort in the right price ... and allow you to focus your discussion about the bookstore's next chapter.