What is the best method to value your Florida business? For 15+ years, Business Appraisal Florida has been helping Entrepreneurs with this critical question.
Florida-based companies are in a unique situation with the state’s low tax structure, desirable climate, and destination for the non-Floridan US-based and foreign entrepreneurs. Because of the unique opportunity that a Florida-based company offers, a business valuation must apply common sense to the business appraisal.
What is meant by common sense in terms of a business appraisal?
For instance, Business Appraisal Florida’s sister company Bankers Advocate is a boutique M&A firm doing both Buy Side and Sell Side work for clients. We also compare the appraisal results against what the market says a similar size and location business is worth. Market data cannot be the only way a business is valued because often, “Rules of Thumb” can be way off. For example, many Rules of thumbs for industries are based on sales only. How is this fair if one wholesaler of durable goods has $500,000 in EBITDA and another has EBITDA of $1,000,000, and both have yearly sales of $6,000,000? Common sense tells you one is worth more than the other depending on other variables and the important mitigating circumstances.
Ready to enter or exit business ownership? Please call 561-325-9777 or email to find what your company is worth through our professional valuation services…