As a foodie, in addition to my interest toward kitchen knives, I have always had a strong interest in running a Japanese restaurant someday.
By pure coincidence, I happened to find a decently run restaurant on sale.
However, I have no prior experience in the business and don't know about how to value it.
This is a question for you guys who had purchased a restaurant before;
How do you value one? Is it based on average weekly/monthly sales or EBIT multiples?
If you price it based on multiples of something, what is the typical value of the multiples?
Your response will be much appreciated.