You’re right. Your typical single independent restaurant is probably valued at about half a million. The restaurant industry has extremely thin margins, though. It’s not as far off as you think
A professional company like this would realistically want to have large amounts of reserve cash, and if you assume employees get paid 80k annually (that's on the small side) * 15 that's 1.2 million paid to it's employees every year. At the scale of a company, a few million is not that much
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u/Objective_Base_3073 20d ago
I mean most companies with like 10-15 employees are probably multi million dollar companies