Valuations are performed for many reasons, including but certainly not limited to selling or acquiring a business.
Most companies will gain a higher valuation when they work with a broker who can bring strategic insights to the process.
As an outsider looking into your business, a broker can formulate a clearer picture and provide a better valuation.
Why Get a Business Valuation?
Knowing the true value of your business is critical to proper business planning and achieving personal goals. Through our valuation process, we can help answer the questions that will lead you to make informed decisions for your future.
Here are our top 10 reasons you should get a valuation now:
- Better understand your business and its potential
- Know the value of your largest asset so you can plan for retirement
- Ensure the business and your family are properly protected
- Use as a basis to create a Succession Plan
- If buying a business: Know you are paying the right amount for purchase
- If selling a business: Get what it’s worth at time of sale
- Create Buy/Sell Agreements with business partners
- Take a solid valuation to your banker to explore Funding Opportunities
- Establish a Trust or create an Estate Plan
- Prepare for Taxable Events such as gifting or grants
The process of business valuation by brokers typically involves several key steps to ensure an accurate and comprehensive assessment of a business’s worth.
Read about our simple, comprehensive process or visit michiganbusinessbroker.com/business-valuations/ to inquire about your own valuation.
We Will Get You What You Deserve
A broker’s ability to report any valuation hurdles can help boost a business’ worth.
For example, a buyer wants to see, what makes an entity a top value goes beyond assets and equipment.
They are also looking for:
- How well your business can run without you
- Good housekeeping – that all your ducks are in a row, and all inventory is in the right place
- That you draw a good customer base
- Consistency – that people coming day after day, year after year
- Trends vs. the current state of the business – A business may be worth $2 million this year, which is attractive, but if it made $3 million last year it is trending in the wrong direction
Knowing the true value of your business is critical to proper business planning and achieving personal goals.
Through our valuation process, we can help answer the questions that will lead you to make informed decisions for your future.
Complete our online form (we’ll guide you on what information to send in), request a valuation at team@mibizbroker.com or call (248) 220-3274.