Pricing A Business To Sell In The Long Beach Island Real Estate Market
While the majority of the Long Beach Island real estate market is comprised of residential transactions, commercial real estate can have some interesting opportunities. While the season is short, Long Beach Island enjoys a vibrant summer clientele, allowing for a successful business to be operated. One of the best ways to get started in the commercial market on Long Beach Island is purchasing an established business which warrants an understanding of business pricing in the LBI real estate market.
Business Pricing in the LBI Real Estate Market
Evaluating a business for sale can be challenging. Generally speaking, the business is evaluated under the following criteria:
- Past sales
- The value of goodwill
- The amount of inventory in store fixtures
The past operation of the business does not guarantee future success. However, it is a good indication of how the market is responding to a specific business. The value of goodwill is largely dependent on the uniqueness of the business and how easily that business could be replicated. Something more tangible is the amount of inventory, including the store fixtures. Inventory can be immediately resold and has a tangible value. Store fixtures will also carry value with them, but it is important to remember that used equipment alone will not warrant a high sales price.
Overall, businesses for sale in the LBI real estate market can be a great opportunity under the right conditions. It is important for sellers and buyers to understand what constitutes value when pricing a business in the Long Beach Island real estate market. Overall, business pricing in the LBI real estate market can be more challenging than pricing a residential transaction. However, the sale of an established business can be a worthwhile endeavor for both the current operator and the new business entrepreneur. For more information about business pricing in the LBI real estate market, please do not hesitate to contact me.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | email@example.com
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