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BUYOUT VS RELOCATION <br />Summary Valuation: <br />Based on a general rule of thumb of two times gross receipts for small bar valuation, this <br />business is valued at $163,000 plus $33,500 for the property, or $196,500. <br />The only current bar on the market staff could find is in Mishawaka. Acquisition and <br />relocation costs to move this business to that location would be a minimum of $280,000. <br />A bar in the current general location was for sale in 2008 for $175,000. Costs to acquire <br />and move to this location would have been a minimum of $205,000. <br />Current buildings for sale in South Bend that could accommodate this business range <br />from $165,000 to $195,000, in addition to minimum relocation costs of $45,000, for a <br />range of $210,000 to $240,000. <br />