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 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,...
Jan 10, 2023 | Business Valuation, Counseling Center, Value Drivers
With increased awareness of the importance of mental health, the outlook for counseling centers is positive. As such, this creates an enormous opportunity for individuals looking to buy, grow, or sell a counseling center. The counseling services industry includes...
Dec 30, 2022 | Business Valuation, Counseling Center
Unlike many other industries, the COVID-19 pandemic did not have a detrimental effect on the counseling center industry. Despite the economic downturn, this industry has seen growth in the past five years, according to IBIS World. This is because there is increasing...
Dec 21, 2022 | Bars and Nightclubs, Business Valuation
During the COVID-19 pandemic, there was a sharp decline in revenue and many bars and nightclubs closed their doors. As the economy recovers the bar and nightclub industry is once again expanding. This growth is appealing, however, this industry comes with revenue...
