Step One is the Express Valuation
The Express Valuation was developed to meet the demand of clients who want a quick and inexpensive estimate as to their business value in conjunction with other consulting services. The Express Valuation provides a very basic gauge or “sanity check” to help understand the possible value of your business and determine if strategic change is possible or required. It is to be used with other consulting services and should not be considered as a stand-alone product.
The Express Valuation is based on Industry Formulas (commonly called “Rules-of-Thumb”) and perhaps a limited search of our valuation transactional databases. It does not contain more sophisticated research or calculations of value. It does not take into consideration factors that are specific to your company or situation.
Industry Formulas are derived from trade groups, business brokers and published industry sources. This is market information based on broad guidelines only – the specific situation of your business may result in a different valuation outcome should one of our more complete valuation steps be utilized.
You will receive a letter report that describes a range of possible values for your firm. The report may contain some additional discussion on current trends in valuation, the transaction market and other related items.
The information needed for an Express Valuation includes a description of your company’s business, the SIC/NAICS code (we can help you find this) and financial data for three years but at least the most recent year.
The Express Valuation is not appropriate for those who want a more definite Indication of Value or Conclusion of Value. It is for general information and planning purposes only and is to be used in conjunction with other consulting services. It should not be used for any situation where a more thorough valuation analysis is needed. In those situations, we recommend one of the more complete Steps of Valuation.
