Small business is the driving force of any economy.
But many small business owners are disappointed with the valuation of their business when they come to sell it.
What is really disappointing are the business values for those with a turnover between $2,000,000 to $20,000.000 who find themselves in no man’s land when they want to sell their businesses.
Too big for a couple or work colleagues to buy and too small for a national or multi-national firm to buy.
In many instances the owner will only receive the proceeds from the sale of the plant and equipment.
This reality crushes the expectation of the owner and his/her spirit as they worked so hard and sacrificed so much to keep the business going.
What is required is a discussion to formulate a plan from the outset of the business life.
Different strategies will deliver the same or better benefits that a business owner dreams of when selling his/her business.
In the long-term it is best to have the business valued on a regular basis so you are achieving your financial goals while operating your business.
Having experience in valuing businesses and successfully completing the Chartered Accountants Business Valuation Specialist Course, I am up to date with the latest thinking and methodologies in business valuation.
Should you wish to discuss your personal situation to maximise your savings and business sale, please do not hesitate to contact us to see if we can help you.
