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Originally Posted by Steve Underhill
Tax returns will reflect the Net Profits. A salon is typically worth 2 to 2.5 times verified net profit for the most current year. Have the sales been going up or down over the past few years?
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What's this? 2 to 2.5 times the net profit for the most current year?
So, I have a salon with $150,000 worth of tangibles, but my net profit in the time period you mention was only $20,000. It's only worth $40,000 to $50,000? That sucks. No?