A business valuation is an in-depth study of a specific business and related assets such as real estate. An opinion of value should be done by a professional who is trained in the transfer of business enterprises and has access to sold "comps" that are as similar as possible to the subject business.
On the low end of the business sale spectrum is the "Going Out of Business Sale" where the tangible assets of the business are sold at auction for pennies on the dollar. On the opposite end of the spectrum a business may have buyers submitting competing offers. Business brokers have spent years learning how to value businesses based on sold comps, building a network of buyers and sellers, learning industry trends, and investing in continuing education.
As a Certified Business Intermediate we offer business valuations that will give you an idea of the range of value of a "Most Probable Selling Price" for the sale of an intact business with tangible and intangible assets.
In addition to finding the right broker, you will likely need to allow enough time for your business to be ready to sell and you may need to hire additional professionals such as a CPA and a business transaction attorney. Each professional plays a specific role in the process of the business sale.
Selling a business is a complex process. A business valuation is a great first step in understanding what may be your most important and valuable asset.
Give Thrive Acquisition a call today to ask about a business valuation or other questions you may have about selling your business.
We help clients navigate the complexities of buying a business.
However, buying an existing business can have A LOT of advantages:
- Lowered risk: Buying an existing business can provide a lower risk than launching a new business from scratch. The existing business already has an established customer base, and there is usually a track record of success.
- Reduced capital costs: Starting a business from scratch requires a large capital investment, but buying an existing business can reduce these costs significantly. This can be especially beneficial if the business already has the necessary equipment or facilities.
- Established customers: When you buy an existing business, you get an established customer base. This can help you quickly start generating revenue and build a loyal customer base.
- Experienced staff: An existing business typically has staff who are already familiar with the business and its processes. This can save you time and money in training new staff.
- Increased brand recognition: An existing business has already built a brand and recognition in the marketplace. This can give you a head start in marketing and growing your new business.
Find out why investing in an established business is lower risk and higher reward than starting a business from scratch. Whether you’re hoping to acquire a multi-million-dollar business or a small, local enterprise we have the expertise to help you successfully reach your goals.
Helpful articles, news, and insights for investors and business owners.
Your our business is likely your most valuable asset. Perhaps you plan to sell your business to finance your next investment or retirement yet have no idea of the process or the value of your business. We help you plan, provide an in-depth opinion of value assessment, and set a strategy for maximum ROI.
Sale options include Generational Transfers, Internal Transfers, Confidential Listings, Off-Market Deals, Mergers, and more. We’re here to listen to your goals and help you develop a plan for business continuity as well as a successful exit strategy.
- Free Confidential Introductory Meeting
- Business Valuation
- Business Consulting
Check out our newsroom for informational articles about selling a business, or take our business readiness survey to understand what sorts of things drive value in selling a business. For personalized advice, contact us to schedule an introductory meeting. All meetings are confidential.
