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In addition to Business Brokerage services, Bottom Line Management also offers "Opinion
of Value" services.
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When Do You Need a Business Valuation?
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- Buying/Selling a Business
- SBA Loans
- Divorce
- Partnership Disputes
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- Going Public
- Insurance
- IRS Challenges
- Estate Planning
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| And More |
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Why Use Us to Value Your Closely Held Business?
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Selling or buying a business requires that ultimately buyer and seller both agree to the same price and terms. Often this takes a long time because no "fair market value" was established ahead of time so both sides can know what is reasonable.
Balance sheets are not a reliable indication of "fair market value." Economic conditions change and frequently intangible assets are of greater value than tangible ones.
Usually valuations need to be kept highly confidential, objective, and independent. Using your personal accountant or attorney might not be considered an arm's length transaction by an outsider. We're often asked by these professionals to perform an
Opinion of Value for their clients for just that reason.
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The Bottom Line Management Promise
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Relying on the accuracy of the financial, historical and other information received from the business owner, we will use the best system available to determine the "fair market value" of a specific business at a specific time. We will not, however, audit or review the information given nor will we express an opinion or assurance of its accuracy.
Because often time is of the essence, we will perform the valuation in 7
days or less.
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Frequently Asked Questions
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What is included in my final valuation?
Your Opinion of Value will run about 4 to 6 pages. It will include information compiled about your specific business from your financial statements. Typically, a financial spreadsheet will be included to show you how the analysis was conducted.
How long will it take to complete?
Usually Opinions of Value can be performed in five to seven days following collection of the data.
How can I be assured of confidentiality?
It isn't necessary for us to meet at your business nor is it necessary to speak with your employees, customers, clients, vendors or attorney. It is up to you who is involved with the valuation. If we are unable to speak with your accountant, however, you may need to have him answer certain questions for you regarding the financials of the business.
Why can't I use my lawyer or CPA to perform my valuation?
Of course you can, but many attorneys and accountants bring us in because they realize that because of their close relationship with you, a valuation by them may not be considered "arm's length" by an outside party such as a buyer or an adversary in court.
If, like many business owners, you have most
of your net worth invested in your closely held business,
shouldn't you know its true value?
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