The value of the business or company is the number one question that all of that sellers ask when contemplating a sale, and of course, the concern of most buyers when purchasing a business.
Truthfully, a business is worth what a buyer is willing to pay and a seller is willing to accept.Often business owners reminiscence about all the hard work and money they have put into their business and have a set number that they think the business must be worth. Unfortunately, if that number does not match what buyers are willing to pay, the business is overpriced.
It would be like going to a bagel shop that was charging $10 for a $3 bagel and the owner justifying the high price because of the time all the time and money he put into the shop and and the kids college costs. Customers would leave and find a more reasonable bagel shop.
Just like you would not pay significantly more for a bagel because the owner worked hard and has bills, business buyers are the same. Most are willing to pay fair market value for businesses.
Don’t be like the bagel owner. Work with me and my team of professionals and lets us educate you on the fair market value of your business and demonstrate to you the most likely purchase scenario. We take the surprises out of the process and provide you with a road map to success.
Whether you need just a ballpark number or a certified valuation to provide to the IRS,we provide several types of valuations to meet your needs.
Just give me a call, I am more than happy to assist you with choosing the one that is right for you.
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