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How much is my business worth?
What can I do to make my business more valuable?
How can I get the maximum value out of selling my business?
Those are all questions that most small business owners frequently ask. There are three basic methods or approaches to value any business: an asset approach, an income approach and a market comparable approach. Which approach is most correct for your business is something I’ll try to determine in our first meeting. Having your financial data will make it possible for me to explain the methods I used to establish a range of market values for your company. Of course a full business appraisal is also possible, but that always involves a fee (just for the appraisal) and is usually not necessary. We can also supervise an independent appraisal, performed by a reputable third party at a reasonable cost: ask me for a quote.
The valuation I give you is sometimes referred to as a “broker’s opinion of value” and it is a good estimate because of the size of the databases we use - remember we have sold more businesses than any other company. The process usually takes several days and is a free service we offer. You can use this time to talk with other brokers and determine whether or not I am the right person to handle the sale of your business.
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