Aug 5, 2022 | Business Appraisal, Business Valuation, Jewelry Store
While jewelry stores initially took a hit at the start of the pandemic, that soon changed. Because people were not spending money on travel, they started spending money on jewelry. This increased the demand for jewelry at rapid rates. With the jewelry industry being...
Jul 19, 2022 | Business Appraisal, Business Valuation, Footwear Wholesale
The footwear wholesale industry supplies shoes to retailers from a manufacturer. This industry has had to adapt over the last two years. With the pandemic upsetting the supply chain, wholesalers were in a difficult spot. To cut costs, many retailers bypassed...
Jul 15, 2022 | Business Appraisal, Business Valuation, Buying a Business
There are many opportunities that come along with buying a business. However, there are also many risks when buying a business. It is important to understand both sides before jumping into a big purchase like this. Buying a business comes with many responsibilities,...
Jul 12, 2022 | Business Appraisal, Business Valuation, Retail Trade, Value Drivers
The retail trade industry comprises many different sectors. Retail trade was severely affected by the Covid-19 pandemic as many stores were forced to close their doors. This caused a shift of moving to online shopping. This not only caused growing pains for businesses...
Jul 8, 2022 | Business Appraisal, Business Valuation, Jewelry & Watch Wholesale
The jewelry & watch wholesale industry recognized a 10.5% annual growth over the last five years. While the pandemic negatively impacted many businesses, it positively impacted the jewelry & watch wholesale industry. Instead of travel, individuals spent money...
Jul 5, 2022 | Add-Backs, Business Appraisal, Business Appraiser, Business Valuation
To understand what a common add-back is, we must first define it. For starters, an add-back is an expense that is added back to the profits of the business. Most often it applies to earnings before interest, taxes, depreciation, amortization, or EBITDA. This is for...
