What percentage of dollars are you paying over the FMV the hard assets less any debt still owed on those assets?
That is what you are paying for (intangible goodwill). That is the true cost of buying the business rather than starting your own from scratch. And that is what you are risking when considering future obstacles. This owns you are not doing some sort of buyout over time (3-5 years).
A question for AI (you didn’t list your physical location which should be incorporated):
Here are some business name ideas for your second-hand clothing venture, inspired by the search results:
Second Bliss Resale
Second Chances Boutique
Second Daze
Second Glance
Second Hand Roses
Second Time Around
Second Wind Fashions
Recycled Threads
Repeat Performance
Reimagined Rags
Vintage Vault
Retro Remedy
Thriftopia
Fashion Recycled
The Thrift Trove
The Resale Runway
The Vintage Venture
The Thrift Spot
The Fashion Exchange
The Thrift Market
These names aim to convey the essence of your business, which involves offering trendy and vintage second-hand clothing, as well as the unique membership option for garment trading. It’s important to choose a name that resonates with your target audience and reflects the distinctive nature of your business model.
The heart of any construction business is knowing your costs. The value of the business is the owners knowledge of that. How are you acquiring that?