For the business venture which you have selected Car detailing shop, you are required to evaluate specic factors of the venture. You may evaluate the following factors: 1. The business environment the local environment for the business venture should be analysed to establish the potential of the venture in its present location. 2. Profit, sales, and operating ratios to estimate the potential eaming power of the business: you should review the past 2 years prots, sales, and operating ratios. 3. The business assets the tangible and intangible leg. reputation) assets of thle business need to be assessed. 4. lnforrnation about the business venture: a. The performance of the company b. The nature of its competition c. The condition ofthe market of the company's products or services 5. Key questions that you need to ask: a. What is the current physical condition of the business? E.g. Does the company own the building? If it does. how much repair work needs to be done? b. What is the condition of the inventory? E.g. How much inventory does the current owner show on the books