On St. Paddy’s Day, bar owners have something to cheer about
Posted by Tom Taulli on March 17, 2009 in Business Valuation [ 0 Comments ]
Yes, on this day, it’s going to be a strong day for bar owners. But, interestingly enough, the past year has also been strong. This is according to a new study from BizEquity on the business valuation of bars.
Over the past year, the typical bar saw a 5% increase in value – to $82,306. Let’s face it, as the economy continues to fall off, there continues to be steady business for bars.
In fact, some cities have posted robust growth. For example, there was a 28% increase in Dallas and Las Vegas is up 30%.
For more, you can click here for the report.