We recently helped a Business Owner who was selling their Business. They had essentially agreed the price, but wanted a Valuation to "make sure it was fair". The financial statements showed a profit of $500,000,they'd agreed to sell at $3million.
Our valuation, after normalisations including revenue run rates and one off items, showed the value more along the lines of $4.1million. It just goes to show, the bottom line and valuations should always be considered in more detail.
If you'd like to talk to us about what your Business is worth contact our office today.
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