Assessing what your business is worth is a crucial component of the process of putting your business on the market for sale. We can provide formal appraisal services for you, thoroughly analyzing your financials and factoring in other key variables to determine the true market value of your business. Here are the benefits of a professionally prepared appraisal:

An appraisal helps identify the value drivers, significant strengths and weaknesses of a business to allow the owner to comprehend any problems prior to the process of selling a business.

The appraisal process helps establish a reasonable selling price for your business. It is difficult to rely on general rules of thumb and advice from friends when it comes to a business’ true cost. Such derived values are often too high or too low, prompting unrealistic expectations by the seller and thus, prolonging the selling process. Simply put, a business will sell for what a buyer is willing to pay and for what a seller is willing to accept.

A full comprehension of a business’ true market value helps the negotiation process. It is important to realize that many people looking to buy a business are experienced and will conduct their own scrupulous examination of the company even if the seller has not. They will look at their own assessed factors and can use this information against the seller in the negotiation process.

When it’s necessary, we may suggest a third party valuation firm due to time constraints, where highly specialized industry-specific knowledge is required or in order to demonstrate to a legal entity or governmental agency an objective opinion.