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Valuation of small firm

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rescuer | 00:53 Sat 31st May 2008 | Business & Finance
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A friend has a small firm (Trophies and Engraving) and wishes to sell it.
Is there a basic formula for calculating the price he should sell at?
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There's quite a lot of material here at Business Link - the Government's website for small businnesses.
http://www.businesslink.gov.uk/bdotg/action/de tail?type=RESOURCES&itemId=1074411241
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Thank you buildersmate. I have passed this information to my friend. I shall be seeing him during next week and hope that he has found it useful.

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