The value of a business often depends on its current performance, however, other features can play a big role in its value. If the business is profitable, it is usually valued using a multiple of adjusted profit (profit after add-backs), sometimes alongside asset value. If it is not currently profitable, valuation focuses more on opportunity and the foundations a buyer can build on.
Beyond the numbers, buyers also look closely at factors such as location, branding, online presence, growth potential, lease length, reputation, licenses, vehicles and systems. These factors are considered alongside current buyer demand to arrive at a realistic price that reflects both the business today and its potential.
No matter the situation, most businesses are saleable, as long as the price is right.