http://www.bizben.com/blog/using-rules-of-thumb-to-value-a-business-87236.php
Using Rules Of Thumb To Value A California Small Business
Many business buyers try to use a rule of thumb to value a business. This is a valuable tool but if you actually try to purchase a business based on it, you are sure to regret it later on. Willard Michlin, CPA discusses rules of thumb issues when buying a California business.
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