Hello,
I have a question regarding sales forecasting. I am looking at a wash that has been neglected by the current owner for some time. It is fairly easy to figure out how much it will cost to make upgrades, but how can I figure out how much of a sales improvement I would expect to see from those improvements? I can calculate population growth in the area and make predictions based on that, but I know significant improvements to the site would also increase revenue and have no idea where to start in accounting for that increase. If you could give me any guidance or point out useful resources I would greatly appreciate it.
Thank you!
I have a question regarding sales forecasting. I am looking at a wash that has been neglected by the current owner for some time. It is fairly easy to figure out how much it will cost to make upgrades, but how can I figure out how much of a sales improvement I would expect to see from those improvements? I can calculate population growth in the area and make predictions based on that, but I know significant improvements to the site would also increase revenue and have no idea where to start in accounting for that increase. If you could give me any guidance or point out useful resources I would greatly appreciate it.
Thank you!