information regarding leasing a new restaurant

Australia
June 16, 2009 1:14am CST
hi guys this time i would like to take some of your time to decide upon entering into new venture. recently i have got an opportunity to lease a restaurant (in australia) it is 200m square restaurant and is performing okay. the owner of the restaurant want too sell the business for 100000 australian dollars which will include everythin in the restaurant the restaurant is doing on break even i have some experience in the industry and want to take a risk to open the restaurant, as is my passion as well to have a restaurant of my own i really dont know how to evaluate the real price of the restaurant if some one can help me with the formulas of evaluating the closest price i would be grateful what are the things to be considered for the evaluation? and how too negotiate for the correct price?
No responses