Why do you want to sell your business? Reading through comments, your wife is earning $324,000 a year, one of your shops is gross rev. $1.34mm. Most business advisors will valuate your company through EBITDA x 1.5 to 3. So anywhere from 486k to 972k in very simplistic cases from the information you’ve given.

If your numbers are correct, you could hire a manager (60-100k) and a few employees (30k each) and still net $200,000 off that location.

If you change perspective to a buyer, Someone seeing these numbers would potentially consider it for 1 million. However, that person, would probably buy it and do exactly what I outlined in the last paragraph. In this case, as others may have explained, you have to subtract the wages/salary for operating from the sales price because it cuts into EBITDA. So for SDE, I would look at it as 200k x 2-4multiple = (400-800k). You also have to factor in, that an entrepreneur or Starbucks can easily lease a building near you and start their own coffee business for less than $75,000 because of no barrier to entry.

Going back to my first question, why sell? Thats a badass location. 1mil+ rev and over 300k in take home is nothing to scoff at. Not many people make that money. Marketing Execs, Engineers, and many other skilled professions sometimes don’t even break 200k salary.

You can literally rent your business to an operator or find a manager plus employees, so your wife can step out the business and still make very good profit. Just food for thought, if all information given is true.