The Raine &Horne Business Sales Database has considered over 700 business sales recorded in detail over the last 20 years. Over that time values of small businesses have increased by approximately 70% as a result of improved returns. Over that same period, risk has remained basically stable, profit as a percentage of turnover has dropped by 15% and rent is up by 50%. In the end the increase in value of small businesses is a product of higher turnovers coupled with operating costs that are fundamentally stable which has resulted in increased returns.
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