Do you include net assets up and above multiple of EBITDA when valuing a retail business?
A bit of a silly question, but when selling a retail store, do buyers pay a multiple of EBITDA plus net asset value? Essentially, the multiple of EBITDA is the cost for goodwill, and the cost of inventory, machinery, NWC etc. is a separate item. I know this is how pharmacies work, I was curious if this is done for more standard retail businesses as well?
