Hair Salon Valued at Gross Receipts Plus Goodwill

Business Valuation Update BVLaw
Legal and Court Case Update
February 14, 2006

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5199 Nondurable Goods, NEC
marital dissolution/divorce
Dolores H. Meeks v. Carl W. Meeks
2006 Ohio 643
US
State Court
Ohio
Court of Appeals
Robert A. Koblentz, Thomas M. Tyack
Brown

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.

See Also

Dolores H. Meeks v. Carl W. Meeks

Full Text of Court Cases
February 14, 2006

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.