Thinking about selling your business or finding investors?
Thinking about selling your business or finding investors?
Many people start with a business valuation, which is the process of determining the value of a business or company. The need to value a business might arise for a variety of reasons, including business sales, partner sales, taxation, and even divorce. A professional business valuation usually costs between $5,000 and $15,000. However, some firms offer basic business valuations for as little as $1,500 if the business is not overly complicated and the valuation is not needed for legal reasons.
Is it necessary to prepare? The simple answer is that you wouldn't put your house on the market without first doing some basic prep work, such as painting and staging, to increase the price and reduce the amount of time it spends on the market. In fact, when it comes to a business, it's even more important to go above and beyond to ensure that it's ready to sell, because the difference in terms of a percentage increase could be significantly greater than when it comes to a home. Our innovative approach to business readiness resulted in the sale of a business valued at $750,000 by our client's accountant that was ultimately sold for over $1.6 million. This is just one example; granted, it's a good one, but we've increased values from $6 million to over $9 million; on a smaller scale, from $150,000 to $220,000; and even micro businesses from a potential shutdown valuation of $30,000 to over $90,000; a significant difference, not to mention a significant reduction in time on market.
If you need help preparing your business for sale, finding investors or private finance, then why not chat with one of our accredited business consultants?
Call 1800 858 696 or Free Appraisal
