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Business Appraisals: Selling Your Business
A business appraisal will help you get the best price.
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Are you considering selling your business? Would you like to ensure you get the best price for your business? If so, there are several things to think about such as... What is it really worth? Do I want to engage a broker or sell it myself? What tools will I need?
Here are 4 invaluable tips to help you while selling your business:
- Effecting a sale of a business is not easy, and if you are not an expert in business transfers you would be advised to engage a competent business broker. But even if you elect to engage a broker, it is essential that you know the market value of your business so that you can develop a defensible listing price. A good broker would welcome this.
- Listing a business at a price substantially in excess of its fair market value range is almost always counter-productive and will end up costing you considerable extra time, damage your credibility, and generally act as a deterrent to a sale.
- If you elect to go without a broker, you will need to obtain an appraisal, prepare an offering memorandum, and be prepared to spend countless hours on the phone. Otherwise it is easy to forget exactly what you have said to whom, try to explain the nature of the business from scratch multiple times.
- Businesses do not sell themselves. In order to make a sale and get the best price (whether or not you engage a broker) three things are required...
- A defensible price;
- complete information about the business;
- and credibility.
- View the benefits of our business appraisals at our home page
- Pick the type of business appraisal you need at our services page
For answers to any other questions you may have, visit our Frequently Asked Questions (FAQ) page, click here to contact us, or call us 1-805-646-4960.
American ValueMetrics
1585 South Loma Dr, Ojai, CA 93023
Phone: 805-646-4960 Fax: 805-715-7024