Price for a retail business?

Question

I am planning to buy a retail liquor store in St. Louis. Sales are about $400,000. Average total mark-up is 23%. Profits after imputing a wage of $10/hr. are less than $15,000/yr. Any guidelines or rule-of-thumb on what a reasonable price for a business of this type might be, in addition to inventory?

Answer 1

Check with the local Small Business Development Center. They can help you evaluate a business, and their services are mostly free.