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Asking price

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What would be a fair asking price for a one year old establishment doing about 500,000-600,000 in it’s first year with no advertising?
We are about 25% food and about 28% labor.
I am thinking of selling and moving to another city.
 
Michele:
What would be a fair asking price for a one year old establishment doing about 500,000-600,000 in it’s first year with no advertising?
We are about 25% food and about 28% labor.
I am thinking of selling and moving to another city.
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What is your cash flow on those sales?
 
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