My mom has a convenience store and she is trying to decide whether she should sell it to someone or keep it.
She has spent $100k (construction, property, goods, etc).
She owns the property and wants to solely sell the business itself, so she doesn't pay rent but whomever takes over would.
The expenses are the bill which amount to $6k/year. The rent she would charge is $2k/month ($24k/year). Total ($30k)
The business itself generates about $98k in annual revenue ($68k once rent and bills are taken out)
How much would she be able to sell this business for?