Use any 2 Valuation technique to calculate the value of the following business

ness Assignment Help>> Business Management Use any 2 valuation technique to calculate the value of the following business Lauren Holcombe has wanted to open her own clothing store since she was in high school. Her career interest arid dynamic personality enabled her to get a part-time job at a small women's clothing shop in her home town after school. When Lauren enrolled in the state university to major in etail management she got a part time job in the ladies dothing section of a prestigious department store in the city. Lauren's supervisor was impressed with her business acumen and her congenial personality. "Lauren is one of the best workers we've ever had in this department She's very bright o quite attractive, and very outgoing Lauren is eager to leam anything she can about the business g she's always asking questions During Lauren's senior year in college her Aunt Bessie died and left her an inheritance totaling nearly $300,000. 'l miss dear old Aunt Bessie, but have I got plans for my inheritancel Now, Il be able to run my own clothing store just like Ive always dreamed Lauren immediately began planning to launch her business venture, but progress was slow. During a trip to her home town over the Christmas break, Lauren discovered that a wellestablished ladies' clothing shop was up for sale The shop was well-known and quite successful, but the owner, Kathleen Todd, was quitting to retire in Tahiti. Lauren contacted Ms. Todd to discuss the sale of the business Ms. Todd hired a company to conduct an independent appralsal of the business, which concluded that tangible assets were $230 000 and assumable liabilities were $18,000 The appraisal estimated net profit for the next year to be $73,000 before deducting any managerial salaries. Lauren expects to draw $20.000 in salary since she believes this is the salary she could expect when working for someone else. Lauren estimates that a reasonable rate of return on an investment of similar risk is 2 25 percent. Ms. Todd has set a value of $85,000 for intangibles such as goodwill, and is asking $297,000 for the business Get Answer gnments & Textbook Solutions Search Get Answers from Experts Let's Start Now ess Management) Materials HP Pavitlon 2 The magic Tap, swipe ness Assignment Help>> Business Management Use any 2 valuation technique to calculate the value of the following business Lauren Holcombe has wanted to open her own clothing store since she was in high school. Her career interest arid dynamic personality enabled her to get a part-time job at a small women's clothing shop in her home town after school. When Lauren enrolled in the state university to major in etail management she got a part time job in the ladies dothing section of a prestigious department store in the city. Lauren's supervisor was impressed with her business acumen and her congenial personality. "Lauren is one of the best workers we've ever had in this department She's very bright o quite attractive, and very outgoing Lauren is eager to leam anything she can about the business g she's always asking questions During Lauren's senior year in college her Aunt Bessie died and left her an inheritance totaling nearly $300,000. 'l miss dear old Aunt Bessie, but have I got plans for my inheritancel Now, Il be able to run my own clothing store just like Ive always dreamed Lauren immediately began planning to launch her business venture, but progress was slow. During a trip to her home town over the Christmas break, Lauren discovered that a wellestablished ladies' clothing shop was up for sale The shop was well-known and quite successful, but the owner, Kathleen Todd, was quitting to retire in Tahiti. Lauren contacted Ms. Todd to discuss the sale of the business Ms. Todd hired a company to conduct an independent appralsal of the business, which concluded that tangible assets were $230 000 and assumable liabilities were $18,000 The appraisal estimated net profit for the next year to be $73,000 before deducting any managerial salaries. Lauren expects to draw $20.000 in salary since she believes this is the salary she could expect when working for someone else. Lauren estimates that a reasonable rate of return on an investment of similar risk is 2 25 percent. Ms. Todd has set a value of $85,000 for intangibles such as goodwill, and is asking $297,000 for the business Get Answer gnments & Textbook Solutions Search Get Answers from Experts Let's Start Now ess Management) Materials HP Pavitlon 2 The magic Tap, swipe