December 16, 2013
Are you buying the Freehold of the property or the lease, if a lease how long remains of the present term of the lease, how secure is the freeholder?
Stock is the stock in date, is it what people want
Furniture and fixtures: What would the items be worth if you were to buy them new. What life expectancy can you put on their future use?
Goodwill the hardest of all things to value, consider the UK pub group; Wetherspoon they do not buy existing public houses but acquire green sites and build their own customer base, they can therefore spend more on the property and not on an unknown commodity.