Q&A: My kids don’t want my business and I don’t want to sell to my employees, so I will be looking to sell to an outsider third party. I have an idea about what my business is worth, but honestly, I’m not sure. Should I get a business valuation before I sell?
A full blown valuation might not be necessary. It won’t tell you how to increase the value, if need be, how salable your business is, nor what you will net from the sale after taxes and fees. An analysis based on the income approach to value along with a review of the current position of the value drivers would probably serve your needs better. See how it works to get a better idea of the value drivers that impact value, salability, and bankability. Call us at 214-692-9192 to learn more about the value report and analysis that we prepare.
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