Looking for valuation

Title: Looking for valuation
Source: oDesk
Category: Business Services, Business Consulting
Posted On: Wed, 17 Jul 2013
Description:
We are looking to buy a comedy club in NYC. We have their financials. They are losing money but do have some assets (build out of space, negotiated lease that is favorable, liquor license, equipment, etc).

They are saying it's worth 180K and asking 125K.

I'm very cautious when buying a business that is losing money and they may want to inflate the price based on their perception of what assets are worth in an attempt to get their money back out.

They've only been in business for 1.5 years.

I'm just looking for a quick consult to give us an opinion on proper valuation before we enter negotiations.

Thanks,

Dave
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