Free Valuation Snapshot
As you consider taking your practice to market, you are likely to wonder: what is my practice worth? This threshold question is of utmost importance as underpricing or overpricing your practice when you “go to market” can dramatically impact the response you receive as well as your overall return on investment. If you price your business too low, you are leaving money on the table that you could otherwise use to fund your retirement or next investment. If you price your business too high, you risk scaring off highly qualified buyers. So, what can you do? Call us today for a free valuation snapshot or use our valuation tool below.
Broker’s Opinion of Value
If you are interested in a more detailed and precise valuation performed by a Certified Business Intermediary (CBI), let our team perform a broker’s Opinion of Value (OOV). Our team uses a combination of factors when performing each valuation including comparing your business to comparable transactions, analyzing trends in gross revenues, SDE (seller’s discretionary earnings), and EBITDA (earnings before interest, taxes, depreciation, and amortization), as well as other intangible and tangible factors that make your business unique.
Other considerations include:
- What are your assets worth?
- How much do you have in accounts receivable and/or work-in-progress?
- What is your client retention?
- How many employees do you have?
- Is your practice turnkey?
- Is your practice virtual?
- How long will you provide mentorship after the sale?
- Are you selling any real property with your business?
Opinion of Value Fee per entity (based on your business’ 2022 gross revenues):
The end result will be a highly detailed, 6 to 10 page document summarizing the strength of your business and the likely open-market valuation. Call or email us today to get started!