thefed
Thinks s/he gets paid by the post
- Joined
- Oct 29, 2005
- Messages
- 2,203
On the off chance I decide to move to NC after our real estate 'tour' this week....i am curious about selling our party rental business. IF it happens, it wont be for about 3 years, at which time our business will have been around for 5 seasons (good accounting, records, customer data etc)
Lets say our gross sales are 130k by then (conservative) with a need for an owner/operator to put in about 15-20 hours week for 26 weeks of the year. Overhead about 30k-40k max per year including labor, replacement costs etc. Repeat customers account for nearly 35% of business. The rest is ALL online searches...and naturally our site is ranked #1 for all keywords we care about on google. We also have about 6 landing pages that funnel traffic to the site. So of course the website and phone #'s would go with it, as well as about 25k worth of equipment/vehicle (conservative USED prices- probably 60k new) all in rentable condition
How the heck do you price something like this?
Lets say our gross sales are 130k by then (conservative) with a need for an owner/operator to put in about 15-20 hours week for 26 weeks of the year. Overhead about 30k-40k max per year including labor, replacement costs etc. Repeat customers account for nearly 35% of business. The rest is ALL online searches...and naturally our site is ranked #1 for all keywords we care about on google. We also have about 6 landing pages that funnel traffic to the site. So of course the website and phone #'s would go with it, as well as about 25k worth of equipment/vehicle (conservative USED prices- probably 60k new) all in rentable condition
How the heck do you price something like this?