According to Wikipidia, “Business valuation is a process and a set of procedures used to estimate the economic value of an owner’s interest in a business. Valuation is used by financial market participants to determine the price they are willing to pay or receive to perfect a sale of a business. In addition to estimating the selling price of a business, the same valuation tools are often used by business appraisers to resolve disputes related to estate and gift taxation, divorce litigation, allocate business purchase price among business assets, establish a formula for estimating the value of partners’ ownership interest for buy-sell agreements, and many other business and legal purposes.”
A Business eValuation is a procedure similar to that of the business valuation process only briefer, more to the point and it is processed almost entirely electronically with a professional business broker’s inputs and oversight. The costs of such price opinions are a fraction of the cost of a full business valuation. All the same steps are completed, doing an analysis, normalizing the bottom line, price using market, asset and income approaches, consider economic conditions, comparable sold businesses and all the other procedures and tasks required to get an accurate picture of the current market value and appropriate asking price.
Our Business eValuations are free to our clients that list their business for sale with us and as far as we know, we are the only Business Intermediary Firm that offers the eValuation. Contact us to to obtain a confidentiality agreement from us so that we can discuss your business and how much it may be worth to an average buyer and how we can help you meet your goals.
*Just like any other relationship which requires you to open up your financial history you should obtain a confidentiality agreement from them prior to handing over the numbers or giving any other sensitive information.