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As a coastal city and California’s second-largest city, San Diego represents an ideal location for a wide array of businesses. From tourism, the military and defense sector, biotech – medical device expansion, we certainly have a diverse economy with these top industries encompassing much of the local economy. Whether you are looking to sell a business nestled within these sectors or others no two businesses are exactly alike. And whether you are a seasoned entrepreneur or a novice, selling a business in San Diego never looks the same.
The first step when selling a business is always to conduct a business valuation. This step gets your finances in order, helps determine your business’s worth, and therefore, the selling price. Without this step, it is impossible to move forward with listing your business. Transworld San Diego North has business advisors well-versed in the world of business valuations. They understand the details that go into not only the valuation itself but the type of valuation they should conduct based on the type of business and several other factors. It is important to understand which may be better suited for your specific business. Regardless of which type of valuation is chosen, we perform a detailed analysis of your San Diego area business, its competitors, comparable sales, and more.
In addition to looking at your company’s financial records, our local business valuation experts conduct a thorough analysis of your business as a whole to conduct a fair business valuation. As part of the process, Transworld San Diego North’s team will consider the following:
During our detailed business valuation, we will examine everything to do with your northern San Diego business. The goal is to identify possible business threats and opportunities - these elements are vital when defining your company’s value. We may also identify areas that need improvement before listing your business for sale to be able to position your business in the best possible light (i.e., cleaning up your books, resolving tax issues, reducing inventory, etc.).
Call a knowledgeable business advisor at Transworld San Diego North!
At Transworld San Diego North, our experienced business valuation team can answer all of your questions regarding business valuations and walk you through the process to help you determine if now is the time to sell your San Diego business, what a fair listing price might be, or if there are areas you should work on before listing your business. From San Diego County to Riverside County, Imperial County, and San Joaquin, you can count on the team that knows the area best – Transworld San Diego North. Contact us today!
For more in-depth information on how the business valuation process works, read the article below. This was written by our company President and business valuation expert Andrew Cagnetta is our company President and business valuation expert.
For our purposes, let's talk about fair market value. Essentially what a buyer would pay for your company in an open market.
Now, remember, this is a simplification of some very intricate valuation practices. There are valuation experts that specialize in providing very complicated reports as part of their business valuation services. Those reports are often used for IRS inquiries, legal proceedings, intricate financing and other reasons. A full valuation of a company could cost $10,000-$30,000. For small business sales, a valuation is usually not needed, and for the most part our simplified valuation methods are sufficient enough to determine your listing and approximate your eventual sale price.
There are three generally accepted approaches to valuing a company: