Hi, if you are reading this you have come to the right place to find out the value of your current or future business. For a quick cure of your curiosity feel free to take a look at our Business Valuation Tool if you haven’t already. Should you wish to have a more accurate appraisal of your business completed as you’re considering the sale of your business, you’re in the right place.

Should I have my business Appraised or Valued? Let’s quickly define the two. Business valuations are executed by a qualified valuer and are legally binding. These are usually required for dispute resolution such as divorce. Valuations are pricey and cost anywhere from $5,000 - $20,000+. If this is what you’re looking for click here and we can put you in touch with some of the industries best.

Business appraisals are similar in process but have an important difference. Whilst there are common procedures that are followed, an appraisal is not legally binding. They are usually completed by industry professionals that are dealing with business buyers on a daily basis. These can be very accurate when completed by an honest industry professional as they are often based on the recent sales of similar businesses and are free of charge.

Just like when a buyer is considering what they are willing offer for a business, an appraisal is open to interpretation and will depend on the experience and honesty of the appraiser. I recommend asking your industry representative how they came to the appraisal result, and make sure it makes sense in your head before making your decision.