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What Is My Business Worth?

“What’s my business worth,” is the first question all savvy business owners want answered whether or not they are considering the sale of the business. Everyone wants to know what their largest investment (the privately held business) is worth.

Some reasons to have a business appraisal are:

  • Plan to sell the business in the next one to five years
  • Estate planning
  • Seeking third party lending
  • Setting up or dissolving partnerships
  • Divorce

The best way to determine value is to have a professional, independent third party business appraisal done by a certified business appraisal firm.

CBI+Team members are trained to help determine if an independent business appraisal is a wise investment for business owners. CBI Advisors will not recommend a business appraisal if the business does not fit certain parameters.

There are many business appraisal firms that charge $7,000-$30,000 for an appraisal. The CBI+Team has a relationship with one of the nation’s leading business appraisal firms and because the CBI Advisor does the “leg work” in helping to gather, assemble and transfer the data needed for the appraisal, the cost for an appraisal is generally much less. Plus, having an experienced Advisor helping the business owner speeds the process up and leads to a more accurate appraisal.

Begin to plan for your business exit today by having a professional, independent third party business appraisal done by a certified business appraisal firm. Call the CBI+Team at 479-770-8989 or fill out the contact form and you will be discretely contacted by one of our team members.