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As a business owner, knowing your business’ market value is important when you sell your business, but that’s not the only reason it matters. For example, if you’re shopping around for life insurance policies, are doing estate planning with your financial advisor or are interested in obtaining a loan you’ll need to know your net worth—and as a business owner, the value of your company will be a big part of it.
At Viking Mergers & Acquisitions, we’ve developed a proprietary approach to business valuation. When performing a business valuation we:
Explain The Methodology We Use
Some business brokers have a mystery formula they use to perform a valuation, presenting you with a final number but providing very little insight into how they came up with it. At Viking, we take the time to explain how we came to our valuation, addressing any questions or concerns before the sales process gets started.
Some business brokers have a mystery formula they use to perform a valuation, presenting you with a final number but providing very little insight into how they came up with it. At Viking, we take the time to explain how we came to our valuation, addressing any questions or concerns before the sales process gets started.
Having sold more than 700 businesses over the past two decades, Viking’s professionals have a wealth of experience from which to draw—and we’ve seen what things have a tendency to increase value as well as what things can decrease value. We’ll provide you with actionable insights on how you can improve your business’ value and make it more attractive to potential buyers.
Because of our vast experience selling businesses, we have access to a plethora of comparable statistics for our own sales and transactions as well as sales that other brokers have completed. When someone asks us “What do businesses of this type typically go for?” or “How does my business compare value-wise to similar businesses?” we have answers that are based on real numbers, not best guesses.
Viking professionals have keen understanding of business financials and which numbers truly matter. Following our valuation process, we are typically accurate within 5% of the business’ final selling price. In other words, when we give you a valuation for your business, the business typically sells for an amount that is 96% or more of our original valuation.
At Viking, the majority of our intermediaries have owned businesses themselves, giving them personal knowledge of the blood, sweat and tears that go into building a successful business. We’ve also helped hundreds of business owners successfully sell their businesses. This combination of experiences led to the development of our valuation model—one which helps you to achieve top dollar while increasing the chances of a quick sale.
Learn more at www.vikingmergers.com
The post What is a Confidential Business Valuation appeared first on HumanitasConnects.
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