i have a client that want's to sell a ice cream shop. how should i price it?

They want to sell the bldg. 1000 square feet Little over a acre of property. Equipment included.
In Selling Property - Asked by George S. - Apr 11, 2016
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Answer(s)

George B.
Broker/Agent
Detroit, MI

Where is the subject property located?? Seasonal or open all year round?
What financial info can you provide me and I will advise you accordingly...

Apr 11, 2016
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George B.
Broker/Agent
Detroit, MI

Also, Franchise or Not....

Apr 11, 2016
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Frank A J.
Broker/Agent
Salvo, NC

What is Cap Rate? Franchise? Good Will + cost used equipment + years in business....must determine if profitable to establish a number. No value if not.

Apr 14, 2016
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Mike Y.
Broker/Agent
Dawsonville, GA

In addition to what has already been said...is he selling the business and the real estate? I am assuming he is selling both. I would take a look at the NOI and price at whatever is competitive in your local market via cap rate.

Apr 22, 2016
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Chris R.
Broker/Agent
Denton, TX

The ice cream business is one value and the land and building and improvements is another value - values arrived at separately and offered as a package. Business typically valued as a 4 or 5 x the NOI. Building / land should be able to be valued with comp sales of similar properties.

Jun 1, 2016
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