Know What Your Business is Worth
An Opinion of Value mixes art and science. People determine value: a business is worth what a willing buyer will pay. To an owner, a business may have a sentimental or cost value; however, these types of values do not often translate into actual dollar amounts.
Buyers and sellers may need an Opinion of Value when:
- buying or selling a business
- seeking outside investors
- seeking a business loan
- dissolving a partnership
- exploring steps to take to increase the value of their business
Discover How Much Your Business is Worth from Experts
BLM’s business brokers – with experience in more than 200 industries and a clear understanding of today’s marketplace – can provide any buyer or seller with an Opinion of Value. BLM’s Services Include:
Your business is unique; your Opinion of Value should be, too. We will use the most appropriate system to determine the Fair Market Value of your specific business at any given time. Our approach relies on the accuracy of the financial, historical and other information received from the business owner, which allows you to have detailed input in the buying process.
Typically, an Opinion of Value can be performed in five to seven days following the collection of data.
You determine who is to be involved with the Opinion of Value. However, you may need to ask your accountant to answer certain questions regarding the financials of the business.
Many attorneys and accountants entrust BLM to develop a business valuation for their clients. While they may have the ability to perform the service for their clients, they know that an independent Opinion of Value will hold more merit to any outside party.