Everything You Should Understand About Business Valuation
When getting ready to sell my business Crest the first thing you need to do is hire a business broker. You need a broker that specializes in the sale of businesses that are similar to yours. You also want to go with a local business broker in order to get the best support. When selling a business in San Diego, Orange County or Los Angeles So-Cal Business Brokers is the best team to bring onboard. We have been selling businesses for more than 20 years and we understand the sale process better than any other brokerage firm.
The best thing about working with us is you get a free business valuation. As you sell my business Crest, you want to avoid as many expenses as you can. We enable you to do that by only asking for a success fee which you pay us once we sell your business. We don’t charge you for business valuation, packaging or market research. Away from that let’s take a look at business valuation.
What is it?
Business valuation is similar to a home appraisal. The goal is to inspect and analyze your entire business to determine how much it is worth. This process involves the valuation of your assets; both tangible and intangible assets. Our team will value your business in several ways based on the circumstances of the valuation. When getting ready to sell your business, we use a combination of valuation methods in order to get the most accurate value. We will discuss the valuation methods used in the business valuation report we give you.
Why do you need an up-to-date valuation?
You don’t have to be getting ready to sell my business Crest to get a business valuation. It is always great to have an up-to-date valuation report because things happen. It is recommended to update your business valuation every year. The top reasons you need an up-to-date business valuation include:
- Something may happen that forces you to sell in a hurry
- With an up-to-date valuation you can take advantage of a great opportunity that may only come once.
- Valuation report helps determine the buy-in or buy-out price when a partner joins or leaves the business
- Helps with the creation of an exit strategy
- Helps identify flaws, strengths and opportunities which help with expansion.
What information is needed in a valuation?
If you are considering getting a business valuation, here are the key documents and information you will need to put together. The required documents depend on the purpose of the business valuation:
- Basic information like business description and history and governing documents
- Employee information
- Financial statements
- Tax returns for the last 3 to 5 years
- Detailed information on all your company assets
- Any ongoing legal issue
There is a lot more that goes into business valuation. Contact us today to take advantage of our free consultation. We are happy to hear from you and offer any assistance you may need.