Business Valuation - Purchase or Sale

PURCHASE

Buying a business is one of the most important decisions that you will ever make. It is arguably even more important than purchasing a house.

When you decide to purchase a business what are you actually doing? You are in effect purchasing one or more of the following:

  • A job
  • An income
  • A lifestyle

Whatever the reason is, you need to be sure that you base your purchase decisions on FACTS rather than EMOTION.

Remember that you will probably be borrowing a large sum of money to purchase your business - you need to ensure that your business will provide an adequate income to support your family, your lifestyle and your borrowings.

We can assist you by providing an independent review of the business operations and an indication of the business value.

SALE

When you are ready to sell your business, you need to ensure that the price that you ask is fair to both you (the vendor) and the purchaser.

Each of us who owns a business, who has worked long hours to grow that business, believes that it is a very valuable asset. Unfortunately, emotion sometimes over-rides reality.

There are many actions that you can take to maximise the value of your business prior to sale. Getting an independent valuation will give you an indication of what the business is currently worth. It may also highlight areas of your business that need attention - resulting in a potential increase in its value.

If you are considering buying or selling a business, contact us at Miller Associates for cost-effective independent advice.

 
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