Summary
The Ohio Court of Appeals, Tenth District, affirmed the valuation of a hair salon, in the absence of expert valuation testimony, at one-year’s gross receipts plus goodwill value, which was based on the owner-spouse’s opinion.
Dolores H. Meeks v. Carl W. Meeks
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Hair Salon Valued at Gross Receipts Plus Goodwill
The Ohio Court of Appeals, Tenth District, affirmed the valuation of a hair salon, in the absence of expert valuation testimony, at one-year’s gross receipts plus goodwill value, which was based on the owner-spouse’s opinion.