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Business Valuation
There are many reasons you may need to know the value of your business – if you are considering buying a business, a merger or outright sale, for tax or loan purposes, or for estate planning. Whatever the reason for needing to know this information, trying to come up with a valid figure can be a major effort and challenge.
A realistic business valuation requires more than merely looking at last year’s financial statement. A valuation requires a thorough analysis of several years of the business operation and an opinion about the future outlook of the industry, the economy and how the subject company will compete.
To prepare for your evaluation you will need to gather the required information, which will be held in strict confidence, for Business Valuation:
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3 years financial statements, including Balance Sheet and operating Statement
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Current interim financial statement if FYE is over 4 months old.
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3 years Federal Income Tax Returns
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Detailed listing of assets being acquired:
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Brief history of company being acquired, i.e. length of time in business, type operation, etc.
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Listing of locations being acquired.
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Current name of operations/stores and brief history including type of operation.
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Purpose of Business Valuation.
Once this information is collected the Near Northwest Management District will forward it to our team of advisors who will review all the material and apply the valuation formula which will give you a suggested Valuation. This valuation could be of assistance to you in negotiations but will not be acceptable to any lenders.
If you are interested in this free service; please call Wayne Norden @ 713-895-8021.
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