How much is your Business worth?
If you are selling a business in Florida, or considering taking in an equity partner there are norms that we have found for valuations based on the sale of businesses in Boca Raton, West Palm Beach, Fort Lauderdale and Miami. As Florida Business Brokers we have seen business for sale listings in Florida range from being priced well below market to those that never get sold because they are priced above what a reasonable buyer for a business would pay. To see how your business compares to other businesses please
There are many businesses for sale in Boca Raton, West Palm Beach, Fort Lauderdale, and Miami and we ensure that your business will be priced for a quick sale.
There are several steps that can be taken to ensure that you maximize the valuation of your business for sale in South Florida.
1. First, Gather all of accounting documentation, including balance sheets and income statements for the previous five years if possible. Bring all of your books current to the month you are valuating your business. Gather your personal income tax documents for the same time frame.
2. The next step that Business Brokers of South Florida calculates is your "owner's benefit" from operations
3. We then begin applying a multiple to the Owners Benefit, which usually ranges between 2-3 times the owner benefits in analyzing businesses in South Florida.
4. Finally, we create a Business Plan for your business, which not only adds value to the business, bus justifies price to a prospective buyer when they begin negotiating price.
The latest version of Pratt's Stats shows 2017 to be a year of the highest multiples for business sales in recent years with a multiple of 3.08 for businesses with sales revenuein the $1-5m range. The impact of the tax law change should drive the multiple up substantially for South Florida businesses for sale in 2018 and ensure that you are getting the most money for your your business.
To learn more about valuation of a business in Florida
Learn How Much your Business is Worth-Complimentary Consultation
Edward Sklar, Business Broker & REALTOR
South Florida for Me/United Realty Group