The Complete Guide to Buying a Cafe
Practical Advice to Get it Right

What does 'Asking Price' mean?

Find out what Asking Price means. Asking Price is explained by Craig Reid - author of The Complete Guide to Buying a Cafe

Asking Price

The price that the vendor has listed the business for sale at. Usually the broker will advise the seller on what the asking price should be. The simple rule is, the higher the profit, the higher the price. It’s a very inexact science and often some cafés buck the trend completely (such as franchised businesses which are initially very expensive to set up and hence are more expensive when it comes to selling them).

Search result for 'Asking Price' in The Complete Guide to Buying a Cafe

206.
"... local businesses - rather than just working “in the business” which refers to the day-to-day running of the café. - Asking Price: $120,000.00 - Usually the broker will advise the seller on what the asking price should be. The simple rule is, the higher the profit, the ..."
"...Asking Pricebroker will advise the seller on what the Asking Price should be. The simple rule is, the higher the profit, the higher the price. It’s a very inexact science and often some cafés buck the trend completely (such as franchised businesses which are initially very expensive to set up and ..."
210.
"... value cafés often comes down to considering recent similar sales (similar to how real estate agents set house prices). Factors that influence the Asking Price include: • Current profit • Franchise / non-franchise • Location, i.e. busy / not busy • Length of lease ..."
221.
"... busy / not busy • Length of lease remaining • Potential of business Tips: • Never pay the Asking Price – always consider it to be the “top” price and your aim is to negotiate down • Ask your accountant for his opinion on the valuation • If in doubt get a licenced ..."

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167.
"... - Negotiations - So, you’re ready to make an offer. Let’s recap on valuations from our business summary example. Factors that influence the Asking Price include: • Current profit • Franchise / non-franchise • Location, i.e. busy / not busy • Length of lease ..."
176.
"... i.e. busy / not busy • Length of lease remaining • Potential of business Tips: • Never pay the Asking Price – always consider it to be the “top” price and your aim is to negotiate down • Ask your accountant for his opinion on the valuation • If in doubt get a licenced ..."
190.
"... an offer we’ll take it off the market” I have seen buyers make emotional decisions that have led them to pay tens of thousands of dollars over the Asking Price. It’s not a time to rush into a decision – it’s time to keep a cool head! - Offer Acceptance - So finally you ..."

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Asking Price
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""Craig's experience as a cafe consultant makes this book indispensable reading for anyone looking to buy a cafe - it's..."

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