As everyone has contributed: Profit without knowing a host of information relating to the type of business isn’t too valuable. Most are trying to sell for 5 times “earnings” which isn’t out of line for an established concern. The concern would be how the change in ownership affects that. A situation that could go either way. Based on what I see, a good, potential owner would be more inclined to get a nearby location for a fraction of the cost. It would take a very well run operation to attract a buyer or a buyer like Sonova that can adjust true cost of goods.
Frankly, I think the fat hog at the trough is the manufacturer with volume and margin. And Sonova looks like it might end up being the bigger disruptor over Costco. Its experiment with Connect etc. points in that direction – over time. So far, they’ve just dipped their toe. If they continue, 5 times earnings is out the door.