A system for valuing a restaurant business

Business Valuation UpdateVol. 3 No. 11
Special Reports
November 1997
5812 Eating and Drinking Places
722511 Full-Service Restaurants
industry analysis
reasonable compensation, restaurant, fair market value (FMV)


The essence of the Richard Ayers Restaurant Valuation System is net assets, adjusted to fair market value, plus up to two times reconstructed cash flow after reasonable owner’s compensation.