Jan 31, 2023 | Business Appraiser, Business Valuation, Dry Cleaning
The 2020 pandemic caused a serious decline in the dry cleaning industry. Although conditions have been revamped, the industry is not expected to make a full recovery. Businesses switched to casual dress codes, and consumers use cheaper dry cleaning alternatives. For...
Jan 27, 2023 | Auto Mechanic Shop, Business Appraiser, Business Valuation, Value Drivers
In the auto mechanic industry, a few major players produce a notable amount of revenue. Nonetheless, barriers to entry are low and small businesses dominate this industry. In recent years, the auto mechanics industry has experienced healthy growth. This trend is...
Jan 20, 2023 | Business Appraiser, Dry Cleaning, Value Drivers
The dry cleaning industry suffered greatly during the pandemic. While the economy has recovered, this industry is not expected to heal completely. Due to cheaper dry cleaning alternatives and businesses resorting to casual attire, a decline in the industry will likely...
Jan 17, 2023 | Business Appraisal, Business Appraiser, Business Valuation, Buying a Business, Small Business
When stock market returns decline, many investors turn to small businesses. And who wouldn’t? While small businesses involve more risk, their rate of return often averages between 15% and 30%. (And we have seen small businesses that do far better). Additionally,...
Dec 23, 2022 | Business Appraiser, Lumber and Building Materials Store, Value Drivers
The value of lumber and building materials stores has been changing recently. Recent market forces have had positive effects on the industry which have altered the industry’s landscape. For example, as home improvement activities by consumers increased the demand for...
Nov 22, 2022 | Best Business Appraiser, Business Appraiser, Business Valuation
Many individuals wonder what a business appraiser is. And what does a business appraiser do? A business appraiser is an individual who appraises or determines the value of a business. They then proceed to provide a business appraisal or business valuation for the said...
