Selling a business is a process with the goal of getting top dollar. This dollar value must reflect the true worth of the business. The first step in this process entails getting a valuation and this valuation will establish the fair market value and justify the asking and selling price
Trying to sell an over-priced business amounts to spinning your wheels and wasting time and money because time your time is worth money amount. Do it right and get it right the first time by hiring me and save yourself from headache and heartache caused by delay and disappointment Trying to sell an underpriced business is like selling your money for a lot less money throwing away your hard earned money and donating it to the seller. When a business is properly priced it will sell much sooner as opposed to much later
A business valuation gives the owner trust and confidence in the asking and selling price. Knowing the true worth of the business that you own or want to own is the basis of happy deal making and deal closing
The business’s worth is determined by the income-asset and earnings multiplier approach and the valuation can show an owner how to improve the value of the business
Business valuations are also helpful with regard to
- Obtaining bank loans
- Break up of business partnership
- Estate
- Divorce settlements
- Insurance claims settlements