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Dear Dave,
A small but well known hot sauce manufacturer is interested in selling their recipe and name. Is there any way for me to get a value of the business before I buy to make sure my offer is consistent with the worth of the business?
Thanks,
Anonymous
Anon.:
There are many factors to consider when valuing a business, including gross sales, net profit, reputation, brand name recognition, and trademark. The best thing to do would be to retain a business broker who specializes in such things to advise you.
–Dave
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