Can someone explain to me what is Goodwill (accounting)?

If a successful business was on the market for 100k, accounting would say that the stock and equipment could be worth 20k, goodwill would be 80k. the goodwill means that the shop is successful and will continue to generate sales.
When I sold my Cafe/Tearooms the goodwill made up 80% of the asking value.
UK

in my opinion, the version between love and goodwill is the point of dedication in the direction of the wellbeing of the item individual. the 2d area of your question is partly replied by using the above. dedication is definitely an act of will. I firmly have self belief that 'falling in love' isn't some thing happening because of unusual motives..... that's purely that the excuses are no longer interior of our administration on a similar time as they're entirely interior of us. a minimum of at a unconscious point, we are making a call after we expect of we are falling in love. the clarification we are no longer able to love our neighbor as we like ourselves is via the incontrovertible fact that we by no potential settle for human beings as they're...... we continuously make a judgment, so as that it rather is offered for us to love a number of our acquaintances yet no longer all. it rather is an act of will, even yet it could require a brilliant variety of alternative rigors earlier you would be able to will to love numerous the two, no longer the least of them being the ought to shrink ego and egocentric dispositions.

Goodwill is an intangible asset the existence of which helps a business to earn greater profits. An existing business possessing, good reputation, a special locational advantage etc., will certainly help it to grow faster and to earn more profits, compared to a new business that does not enjoy such intangible benefits.

A.Rajagopalan

Goodwill is if you sell a business which has an excellent track record, a good name brand etc. You wouldn't just buy Nike as a sports supplies. The name from advertising etc. carry's a lot of good of goodwill which would cost you a premium. Valuing goodwill is difficult but certainly used.

Something that makes an asset cost more than its book value.
Take a T-shirt. A plain T-shirt costs £5. Print a logo like Superdry on it and it becomes worth £50. The £45 is goodwill (of the brand).

It's a consinment store that is nicer than the adverage.

A way to get a tax rebate.