Let’s talk about sale price!
In this video, Stephen Wolff from Advantage Business Sales and Valuations answers the question: What is my business worth?
Many owners don't know how much their business is worth. Over-valuing and even under-valuing your business can have a negative impact when selling.
In the end, the marketplace will dictate your final selling price, so it is important to consider the current market conditions. Buyers are looking for profits or opportunities, so most businesses are valued accordingly, using a simple Return on Investment formula.
Your accountant can assist you with advice, but they don't sell many businesses. You need help from a business broker that sells businesses full time!
Advantage can provide you with feedback on the potential market value of your business. This will get you thinking about the sale price that is right for you.
In summary, when thinking about business value it’s critical that you get this right. Consult with an expert, someone that understands the current market and sells businesses full time!
Thanks for watching, give yourself an Advantage and call today to understand what your business is worth in today’s market.
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