Whether you are selling or buying a business, determining a fair value of the target business is generally considered one of the essential ingredients in the business transfer process.
Determining a supportable asking price is crucial when listing a business for sale in the marketplace. It never makes sense to put a business on the market that is severely overpriced. A business valuation performed by a qualified valuation professional can be instrumental in determining a realistic asking price that will eventually result in a sale. For buyers, having access to a professional business valuation can help support their offer to purchase, and may also be valuable in obtaining bank financing for the acquisition. Many small business lenders and banks will require a business valuation be performed on the target business before acquisition financing is approved.
Statutory Purposes
Fairness Opinions
Solvency Opinions