Evaluate Your Business

Although we do not perform the business appraisal function, we do work with and recommend third-party experts in the business appraisal industry. There’s truth to the statement, “A third-party appraisal will make you money, not cost you money.”

• By not using a third-party appraiser, many business owners have sold their business for as much as 10-30% less than the business value.
• When not utilizing a third-party appraiser, some buyers of businesses have paid as much as 10-30% more for the business than it was worth.

The independent appraisal removes the negative element of “chance” and allows the party with an appraisal to “control” negotiations from their perspective.

Actually no one knows the exact value of your business, but everyone involved will eventually accept the opinion of the most believable appraiser. A believable appraiser must have experience in all types of business with data and credibility to impress all parties, including the banks. In order to be credible, such an appraiser must be an independent third-party with no other business relations with you.

As your Advocate, Burns & Associates can guide you through criteria critical to investors, private equity groups, strategic relationships, banks and lenders of all types, SBA and other parties critical to the buy/sell function. If you would like to see what such a qualified third-party appraisal looks like, or just discuss additional general criteria of such an appraisal, call (330) 650-9000 or complete our Responder.

National Affiliate ABC Advocates Business Consultants, Inc. ®
Mergers & Acquisitions Consultants with Affiliate Offices Nationwide

Burns & Associates, Inc.  •  56 Milford Drive, Suite 204  •  Hudson, OH 44236
(330) 650-9000 Office  •  (330) 650-9030 Fax  •  info@burnsadvocates.com