How can I be sure the asking price for a business is worth it?

  • ---Shares
Free Webinar | August 16th

Find out how to optimize your website to give your customers experiences that will have the biggest ROI for your business. Register Now »

You can never really be sure, but you certainly need to make sure you work with the right professionals including a small business attorney and business broker and possibly CPA, and you also need to make sure you get valid information (your professionals will help you make sure the information is valid, using deal terms like disclosure and so forth, that will put teeth into disclosure. That information should include detailed past financial results with some weight of law like actual tax forms, details on assets and liabilities, and of course, details on actual sales, costs, and expenses.

Having all that, you've just started. You need to compare this business to others like it, just like when buying a house you compare similar deals in houses. It's not simple but it's very important.

Next step: find the right attorney and broker. Get help.

Tim
OK

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.