The conversation between human and AI assistant.
How do I calculate the value of a trucking business if I'm selling it to some other person (assume hypothetical values for answering)?
Let's say the business has an annual revenue of $2 million, expenses of $1.5 million, and assets worth $5 million. What would be the valuation of the business?
Based on those figures, a rough estimate of the value of the business would be around $3.5 million. However, it's important to note that there are other factors that can impact the valuation, such as market trends and competition.