How Do I Value My Business?
When discussing a valuation with a broker or an agent the valuations may be slightly off as it is in their interest to drive the commissions higher and to get the best possible deal for themselves. If you are looking to sell you business yourself on a website like businessownersdirect.com or other similar websites that remove the middle-man you will be able to deliver a much more accurate number. You could save yourself and the buyer 1000's in the transaction and sell your business quicker.
To value your business in simplest terms you will need:
- Net profit for the last 3 years
- Timeframe to exit
- Longevity and goodwill