How are businesses priced?

Businesses vary in prices due to the following factors:
•Franchised Businesses sell at higher prices as they are in demand and enjoy the support of a Franchisor who regulates the standard of quality of goods and prices.
•Location plays a factor in the pricing; is the area high or low risk and is the area affluent or located in a mall.
•Trading Hours. A Business that is closed over weekends would also sell at a higher price.
•Net profit is the driving factor for obtaining a selling price as this is the reward for owning your own business.
•The list of assets would also be a factor in the selling price.
•Specialized businesses would obtain higher prices due to the fact that certain skills are required to trade
•Is there a demand for the specific business in the current economy as there are certain trends.