The Valuation Process
What You Can Expect
Business owners who decide to strategically operate, or more importantly sell, their business without first getting an independent business valuation are asking for trouble. Research has shown that business owners who execute an independent business appraisal before selling their business get a 20% higher purchase price than those business owners who do not get a business appraisal before selling. The valuation is a line in the sand between buyer and seller! It is a litmus test to identify fair market value, as a result minimizing room for negotiations and price reduction. For a $1 million transaction, why would you forsake potentially $200,000?!!?
Below is an overview of how we interact and participate with business owners:
Step 1: You seek out business valuation services on the Internet.
Step 2: You find, research and contact FairMarketValuations.com.
Step 3: Communications are exchanged between you and a senior staff
member from FairMarketValuations.com. A phone interview is
conducted to discover your needs, requirements and objectives.
Step 4: You are assigned to the most qualified and appropriate professional
consultant that physically services your city or county.
Step 5: Additional information is sent from FairMarketValuations.com via email
and traditional mail to prepare you for the in-person meeting with our
trained professionals.
Step 6: We will identify the most qualified and relevant business consultant in
your region that can best meet your business needs (via industry
experience, background, expertise, etc).
Step 7: You will be contacted to set the time and date for the initial face-to-face
meeting.
Step 8: The no obligation, in-person meeting occurs at the location of your
choice and the business appraisal process is initiated, for ready clients.
Step 9: Once started, you and our professional consultant will work together to
investigate, gather, evaluate, and prepare all of the financial
information necessary for the business valuation process.
Step 10: All packaged information is submitted to RWS valuation headquarters
in Texas.
Step 11: Our certified valuation experts will conduct the official valuation, create
the report, and ship back to our consultant.
Step 12: The completed business valuation report is shipped to the Consultant
for review and disclosure.
Step 13: The Consultant will meet with you to deliver, present & explain the
custom business valuation and our fair market value justifications.
You will then collectively determine the most appropriate actions to take following the business valuation process:
- Grow the business strategically
- Sell the business through your broker
- Buy a business
- Maintain status quo
- Other
