Most frequently asked question from business owners who are ready to sell is “how much is my business worth” which is not uncommon because determining the value of a business is a process that takes knowledge , experience and understanding market conditions and often a complex process .There are different kinds of buyer in the market looking for business with different goals in mind and each buyer may have a different approach to the value so it is crucial to price the business correctly .Pricing the business higher than the market value will not generate interest and pricing is too low is leaving money on the table.
The type of valuation we offer is “Broker Opinion of Value” and this kind of value proposition is backed up by factors such as comparative market analysis of similar sold and unsold business, type of business, businesstrends, seller financials such as earnings (financial performance), buyer return of investment and many other factors. We prepare a report called “Business Evaluation Report”.
Certified business evaluations are different from broker opinion of value. Certified business evaluations are done by certified appraisers and in some cases we recommend independent third party valuation services. If you need a certified business evaluation ask one of our advisors and we can recommend a few.