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Is this business
worth valuation the same as a business appraisal?
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No, a business
appraisal is a more intensive analysis requiring on-site
walkthrough of a business, verification of financials,
collection of data, interviews and other
procedures. Formal business appraisals start at around $3,000
depending on the size and complexity of a business. |
What methods are used
for valuing (pricing) a business?
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There
are
various industry standard methods used in the analysis which
are suitable for small businesses and are shown on the final
report all encompassing the three major valuation categories; Asset-based, Income-based and Market-based |
Are any of your
methods used considered "Rule of Thumb"?
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PriceMyBiz
analysis does not use "Rule of Thumb" for final
determination of value. PriceMyBiz does show "Rule of
Thumb" on the analysis for informational purposes only
and mostly to demonstrate how far off "Rule of Thumb
methods can, at times, deviate greatly from industry accepted methods. |
Is the business information given held in confidentiality?
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Absolutely! In
fact, we never request any specific information that could
identify the business such as the business name, business phone
numbers, business address, etc. Any business that orders our evaluation
analysis is completely anonymous.
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What is the process
for ordering and receiving the business evaluation?
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After placing
the order an email will be sent with instructions for making
the credit card payment with a link to a PriceMyBiz webpage to
complete a questionaire and instructions for sending financial statements. |
What is the turn
around from order to analysis?
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Once
an order is placed, a PriceMyBiz email reply should be sent
within 1-2 business days. Once you have made the payment as
instructed in the email, survey completed and financials sent,
the analysis should be done within 5 business days and sent
via email. |
What format is the
business evaluation analysis?
Can the business
worth valuation be used in determining a price for purchasing a
business?
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Absolutely!
This is a great tool to help a business buyer determine a
basis for negotiating the sales price. |
What if I do not
want to order but have some questions to ask?
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Go
to
section and check the "No,
I need some more information." box and state your questions. |
Are PriceMyBiz
business valuations done for foreign businesses?
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Business valuations are only available for business located within the
United States.
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James Erickson,
Business Intermediary, SHR Inc.
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