Get a Business Valuation done.
Seriously. Don’t guess.
Don’t go by some convoluted equation of last year’s revenues – expenses * monthly revenue / outstanding debts *competition + 25%.
Hire a professional. Don’t be silly.
You’ll never guess how this escape room owner found out how much his company was worth!
What is ‘Business Valuation’
Business valuation is the process of determining the economic value of a business or company. Business valuation can be used to determine the fair value of a business for a variety of reasons, including sale value, establishing partner ownership, and divorce proceedings. Often times, owners will turn to professional business valuators for an objective estimate of the value of the business.
These people can give you a recommendation:
- Financial Planner
- Local Chamber of Commerce