It all starts here when you’re thinking about selling your business. Actionable data leads to well informed strategy, so you can make the best decision for you and your family.
We do not provide these valuations directly but work with trusted partners to give you the best pricing and most reliable results.
Some business owners have an idea of what the value of their business is and some do not. Either way an independent value is critical to attracting prospective buyers.
With a third-party valuation, it is an unbiased and credible opinion that will make prospective buyers feel more comfortable with the listing price. The key to a good listing is that the business is priced appropriately.
With a properly priced business, we will attract prospective buyers and ultimately get sold – which is our objective.
If you’re not ready to move forward with a full report , Bockus Consulting offers select companies a FREE Broker’s Opinion of Value. This will give you a starting place for determining next steps.
Since this report is not conducted by a 3rd party, you’ll still need a formal valuation later, but if you’re just beginning the process, we recommend you start with our free Broker’s Opinion of Value.
The objective of a Calculation of Value is to provide an approximate indication of value based upon the performance of limited procedures agreed upon by the appraiser and the client.
Although we try to follow USPAP, calculation reports are not officially considered an appraisal by the Uniform Standards of Professional Appraisal Practice, however it does allow for “adequate” and ”reasonable” care to our clients.
Developed for our business intermediary clients, Calculation of Value reports are utilized to provide a “preliminary” value for the broker to list their client’s business for sale and to be utilized until a Complete Appraisal is required.
Also called an “Abbreviated” or “Letter Form Written Report”, this abbreviated form of report is the minimum level of reporting embraced by the Institute of Business Appraisers (IBA) – BV Standards, but still meets USPAP requirements.
The report contains at least a summary of the material factors that leads to the conclusion, but is usually intended to reduce the normal appraisal burden of writing a comprehensive report, and thereby allowing the client to realize some economic benefit.
However, the appraiser is still required to perform materially the same investigation and analysis as would be required for a complete self-contained report and maintain in his/her files the work papers necessary to support the conclusions stated in the summary report.
This is a formal presentation of the value of a business in a self-contained written report.
If a valuation has the potential to go to court or if the report needs to be reviewed by others, such as the IRS for tax implications, this type of report explains in full detail how the value was derived.
Uniform Standards of Professional Appraisal Practice (USPAP) and American Society of Appraisers (ASA) address the above as a “Comprehensive, Written Business Valuation Report”.
The Institute of Business Appraisers (IBA) addresses the above as a “Formal Written Report”.
