Jun 10, 2022 | Business Appraiser, Business Valuation, Methods of Valuation, Valuation Approaches
There are three main methods to value a business. These methods included the income approach, market approach, and asset approach. Each method specializes in specific ways to arrive at a fair market value. A valuation expert uses these methods when valuing a business....
Jun 7, 2022 | Auto Parts Wholesale, Business Appraiser, Wholesale Trade
The auto parts wholesaling industry was significantly impacted by the Covid-19 pandemic. As consumers’ needs for driving decreased, so did automobile sales. While 2020 was a tough year, 2021 increased revenue by 5.31%. Another difficult demand for this industry...
Jun 3, 2022 | Automobile Wholesale, Business Appraiser
In 2020, the automobile wholesale industry experienced a decrease in revenue of nearly 21.4%. This decrease resulted primarily from downstream markets. Automobile dealerships, the industry’s main downstream market, were forced to temporarily close their doors at the...
May 31, 2022 | Business Appraisal, Business Appraiser, Business Valuation, Economy, Small Business
There are many things that impact the value of your business. Economic conditions are a significant factor. If the economy is struggling, businesses will feel those effects. While a business cannot change the economic conditions, it can prepare or work around those...
May 24, 2022 | Automobile Wholesale, Business Appraiser
The automobile wholesale industry supplies cars to car dealerships. The dealership then sells the cars to consumers. These cars can be new or used automobiles, trucks, motorhomes, trailers, and motorcycles. The automobile industry, like many others, has experienced...
May 17, 2022 | Business Appraiser, Wholesale Trade
Demand for wholesale products greatly depends on the performance of the economy. Part of this is because the wholesale trade industry is affected by the price of commodities. These commodities can include oil, cotton, steel, lumber, etc… When these prices fluctuate,...
