Business Valuation – What Is Your Business Worth?
Once you’ve partnered with a business broker, the first step toward selling your operation is obtaining a business valuation, aka company valuation. Valuing your business accurately is a crucial step. Unfortunately, it’s one that many business owners get wrong. The business valuation helps determine your asking price If you go too high, your business will sit on the market and delay those retirement plans. Value it too low, and you’re not getting what you deserve. At Transworld, we have business valuation experts who know the Boston area business market.
Of course, business valuation is not an exact science. Sure, there’s a lot of number crunching involved, but bottom line, your business is worth what a highly interested buyer thinks it is worth. There are a great number of factors go into determining what your operation is worth to a buyer. We will audit your books to determine a number of things that will affect the eventual list price, including:
- Your sales and profit for up to the last five years
- Projected growth
- Current and expected market conditions
- What your physical inventory and assets are
- The location and condition of the physical property (even if you lease it)
- How well-known and liked your brand is
- And much more.
The goal is to determine an accurate business valuation that will help set an attractive, yet fair selling price. Diving into your books also helps us identify any problem areas that need to be addressed before listing your business for sale. These can include sloppy bookkeeping, liens, pending lawsuits, and more.
How to Sell a Business
At Transworld of North Boston, we know how to sell a business. If you choose to work with us, you’ll learn a lot about what goes into selling a business. Once we have a fact-based valuation, we can set the sales price. We then confidentially network the sale of your business to other business brokers and potential buyers.
Your Transworld business broker controls the information a prospective buyer receives, releasing specific information only as required. To protect you and not waste your time, we pre-qualify potential buyers. Once a buyer is prequalified, before we give them or their representative any sensitive information about your company, they have to sign a confidentiality agreement.
Once a buyer(s) make an offer, we negotiate the best final sale price for you. We then help close the deal, coordinating everything with lawyers, accountants, banks, leasing companies, etc. to help make sure everything goes as smoothly as possible. And we are always here to answer any questions you may have, long after the sale goes through. We want you to think of Transworld anytime you’re thinking of buying or selling a business.
Selling a Business is Easy with Transworld
Selling a business doesn’t have to be stressful. When you partner with Transworld, we help you to get your company ready for sale so that you can bring in multiple offers, at top dollar. We work with clients throughout the North Boston area, including Suffolk County, Essex County, Middlesex county, Norfolk county, Plymouth County, Worcester County, and Providence, Rhode Island.. Call us today at (855) 652-8922 or email us to schedule an initial consultation. Selling is easy when you work with the pros!