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Old 08-21-2007, 11:25 AM
 
18 posts, read 117,858 times
Reputation: 26

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I have a small business in orange county area since 4 years, selling Jewelry (Gold, Silver, Watches, Batteries (and Tobbacco Products / NYS Lottory, Westren Union may be some additional add ons to this business.) I am operating this business in a big store (a chain) (Daily store trafic is about 1000-1200 customers. Annual Gross sale of my business is almost $115,000. Profit margin in this business is more than 60% of gross sales. Rent is $1200/per month which includes all utilities except phone bill. No employess, I work by myself. No other expences. Now I want to sell this business because of moving to another state.I just wanna get it know that how much price should I ask for this business and which is best media(newspapers / online / websites) should i use to advertise for selling this buiness.? Thank You.
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Old 08-21-2007, 05:28 PM
 
Location: WA
5,293 posts, read 20,709,725 times
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Just guessing because I am curious... No knowing the tax situation or how to value your salary I can only guess that the net profit of the enterprise in less than $10K a year. My guess is the business would sell for less than $100,000 plus inventory, but I suggest consulting with someone knowledgeable about small business sales in your area.
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Old 08-22-2007, 01:39 PM
 
18 posts, read 117,858 times
Reputation: 26
Default Still waiting for more opinions

Please guide me. I am still waiting for more opinions.
Thank You
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