Does anyone have any idea how to value the goodwill of a filling station / garage / convenience store? Pre-Covid turnover £2.75m, last year £2.25m but net pre-tax profits consistent at around £180k incl directors' remuneration & Covid grants.
It's a family business (Ltd Co) built up from nothing, net assets on b/sheet £480k are probably fairly realistic, no goodwill included. Mother wants to retire and give her shares to their son, but presumably we'll have to include some sort of goodwill figure in the CGT calculation. Freehold not included and will be retained by parents ad infinitum.
Any thoughts and pitfall warnings would be welcome. Presumably holdover relief will be no problem on the shares?