Jul 12, 2022 | Business Appraisal, Business Valuation, Retail Trade, Value Drivers
The retail trade industry comprises many different sectors. Retail trade was severely affected by the Covid-19 pandemic as many stores were forced to close their doors. This caused a shift of moving to online shopping. This not only caused growing pains for businesses...
Jul 8, 2022 | Business Appraisal, Business Valuation, Jewelry & Watch Wholesale
The jewelry & watch wholesale industry recognized a 10.5% annual growth over the last five years. While the pandemic negatively impacted many businesses, it positively impacted the jewelry & watch wholesale industry. Instead of travel, individuals spent money...
Jul 5, 2022 | Add-Backs, Business Appraisal, Business Appraiser, Business Valuation
To understand what a common add-back is, we must first define it. For starters, an add-back is an expense that is added back to the profits of the business. Most often it applies to earnings before interest, taxes, depreciation, amortization, or EBITDA. This is for...
Jun 28, 2022 | Business Appraisal, Business Appraiser, Growing a Business, Small Business, Value Enhancement
There are many reasons to increase the value of your business. But today, let’s talk about the how. Learning how to increase the value of your business is essential after buying a business and before selling a business. There are several ways to go about this but here...
Jun 24, 2022 | Business Appraiser, Recreation Vehicle Dealership
The recreational vehicle dealership industry has seen significant growth. Much of this is due to stay-at-home orders from the COVID-19 pandemic. Stay-at-home orders caused consumers to look for ways to get outside. Recreational vehicle dealerships offer a solution to...
Jun 21, 2022 | Business Appraiser
Convenience stores are one of the most popular businesses to own. There are two main classifications of convenience stores. These convenience stores are either connected to a gas station or standalone stores. Convenience stores have been profitable businesses for...
