BUSINESS VALUATION for $1,000 or less
Salmo Business Valuation And Appraisal
HOW TO ESTABLISH
VALUE FOR BUSINESS SALE,
DIVORCE OR BUSINESS REQUIREMENTS.
HELPING BUYERS AND SELLERS
Have a defense with a list of reasons to support asking price.
what you are buying and why the price is fair or not.
where the value is in your business so you can focus your growth
on areas that are increasing in value.
VALUE FOR DIVORCE:
You and your lawyer may want an inexpensive insight to help you
How much insurance do
you really need?
list of reasons to support a position.
clear picture to your lender of the assets your company owns;
you may need clear identification of intellectual property and
list of supporting reasons. You need to prove that hard assets
represent only part of your value.
People assume a buyer
will be able to understand what they are selling and how
profitable your business is, based upon balance sheets and
profit and loss statements. THEY DON’T. Most people do not
understand financial documents. They may think from looking at
your statements that you are not making much money. Financial
documents and tax returns are (or should be) prepared to show
your business making the least amount of money possible; thereby
enabling you to pay the least amount of tax possible. NOT
EXACTLY THE SORT OF THING THAT WILL IMPRESS A BUYER WHO DOES NOT
This is why MOST PEOPLE need a common sense
VALUATION. We take the information from your financials and find
the TRUE NORMALIZED NET INCOME OF YOUR BUSINESS to show a
prospective buyer what is really happening in your business when
the tax considerations are taken away.
All of this is done in
a way that ordinary people can understand; ordinary people like
the buyer, the buyer’s spouse, a financial backer or a banker.
Recent Value Reports include a Cheese Factory in Canada, 2 Bagel
Stores in New York near Manhattan and an Excavating Business in
the Canadian oilfields.
President of Pin Services Ltd.
Valuation and Appraisal – PIN
Salmo, BC Canada
(1) I spoke recently to the owner/former owner of a
focused Bearing and Hydraulics Supply Store. He was able
to use our value statement to help him explain what he
had for sale. Using the PIN Value Statement he was able
to sell the business to his employees as it made common
sense to them. The paperwork for the sale is done and
the sale is in progress. Owner feels his employees would
not have understood an official Appraisal or Valuation
that he estimates would have cost 10 times more than my
Value Statement. My client, the business owner, stated
to me that his accountant was impressed with the work I
client has given me permission to give his name, phone
number and business name to qualified people)
I had a Certified General Accountant (CGA), from London,
Ontario, who owned a business. He felt he knew what his
business was worth, but wanted verification. He wanted
to know how an outside buyer would view things. We
plugged his numbers, estimates, and conclusions into my
formula and came up with $418,500. My formula and
my reasons were completely different from how he came to
his estimated $400,000 Value. This took about an hour on the phone and
another 2 hours work for me afterward – all of which I
emailed to him. The accountant now had logical reasons,
with his real numbers, to support his asking price. This
was presented in a manner common people could
understand. (client name available upon qualified
Eric, My accountant was impressed with your formula.
They made the necessary changes, and I used this
information to sell my business to my employees. I
could not have done this without your Value
available on qualified request.)
2) An Electrical Contractor recently purchased
a Value Statement - They intend to sell over the
next couple of years and wanted to get an idea of value.
We provided a Value Statement the contractor was very
pleased to have. They felt our service was very good
value for the money, useful, accurate, and caused them
to think differently about how to sell their business.
(I have permission to release their name to qualified
Ted and Leslie Smith, who own
Viking Lodge listed on
www.pin.ca, had a Value Statement done.
After reviewing the numbers, we received a glowing
report from both Leslie and her accountant. Leslie
stated that she sent the Value Statement, including
working papers, out to a prospective buyer. The
prospective buyer told Leslie they were pleased to have
something both clear to read and easy to understand.
This comment was echoed by Leslie's accountant; as
Leslie said, "most people can not read Financial
Statements and the Value Statement makes it clear and
easy for average people to understand.
We recently had a client looking to expand their company
in the flax industry. They needed $23 million
dollars; you can see the results of that work
Eric Jordan, the founder of PIN will ask the business
owner a series of proprietary questions. The best
estimates provided will be used to create a detailed
analysis for you to share with your accountant.
President Pin Services Ltd.
Toll Free: 1 800 606-0310
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Salmo Business Valuation And Appraisal . info
Appraisal, business valuation, business evaluation, Salmo BC. Tax issues, divorce or business for sale - Lawyer - Accountant