"How anyone values his business at just a fraction of the yearly turnover (3x 4x 5x the monthly takings) reallys beggars belife."
I totally agree, but this seems to be the prevailing idea of a rounds worth.
You could stay at school until you are 18, go to Uni for 3 years, come out with a load of student debt, and still not earn what a good round can bring in.
I know selling a round is only selling good will, but it's like that in a lot of businesses, we have seen new people taking over a pub, some turn it round and make a success of it, and others may turn a good pub into a bad business overnight, it's down to the individual concerned.
At the end of the day we have to put a value on our own business, if someone wants it they are going to have to pay it's true worth, and what is the worth of a £600+ per week job for life?