Most business owners can tell you the market value of their home on a moment's notice, but very very few can tell you the market value of their business!
Business valuations should be performed by tenured, local professionals with intimate knowledge of your target market.
Business valuations may or may not involve real estate, and are "valuated" on far different criteria.
We do not require our clients to obtain formal Jacksonville Business Valuations. This decision remains strictly with the business owner. However, a formal "business valuation", by an independent third party, can affect your sale critically. If you undervalue, you'll sell quickly and lose much of your life's work. If you overvalue, you'll run off savvy buyers and sit on the market.
Southern Mergers can arrange for professional, third party, LOCAL Jacksonville business professionals to perform accurate Jacksonville Business Valuations - and local knowledge matters! The fee may vary depending on the extent of the work to be done in the appraisal and the size and nature of the company.
Business valuations are quite different than real estate appraisals. There are many factors taken into account and the terms of a sale often have a bearing on the overall price.
Currently, there is no formal database for the recording of the sale of privately owned businesses.
Establish The Value
of Your Business
Historical cash flow or adjusted earnings and associated risks within a business are the major components in establishing value in a Jacksonville / N. Florida company. There is actually a range of value for which a business will sell.
Your Southern Mergers representative can help you to understand this in greater detail, including helping you to understand the range for which your business will most likely sell.