I am contemplating purchasing a small bookstore that has been in operation for about 4 years in a mountain resort community. I have asked for financial statements. What kinds of performance measures should I be looking at in terms of viability, profitability, growth opportunity, etc. I am also interested in learning more about valuation methods used for small bookstores. I am passionate about literature, books, and the joys of reading. I also have a masters in finance and have earned my living these past ten years as a budget analyst, so, I am comfortable with numbers and accounting concepts.
Also, I would like an experienced owner/manager to take a look at what I find. How would I go about finding such a "consultant?" I will be moving quickly on this opportunity over the next month.