Yes. Here’s how various professionals can help with your business valuation:
Accountants can provide compelling insights and frameworks for recasting your financials for a business valuation. For example, they can help organize a business' financial data, split revenues and expenses into recurring vs non-recurring items, calculate key input data such as customer concentration or financial liabilities, and help present the financial information in a compelling format. In summary, they can play a key role in providing inputs and utilizing outputs of any valuation process.
Business Brokers can help by tracking down information about sales of comparable businesses, and tailoring the information to current market conditions in the business' community. So they can help determine if the calculated valuation is realizable by selling the business to an outside buyer.
Appraisers or Valuation Experts can provide a more independent and credible company valuation, while also using astute techniques for incorporating accurate market value of tangible property. Uncertified valuations can cost between $2.5k and $5k, while certified valuations can cost between $5k to $30k.
Business owners should be mindful of advisors who provide over-optimistic appraisals initially to engage them, and later assign a more realistic lower value for the actual sale transaction.
