“It’s an enormous task to buy a business and you made it easier for us. We love our new business and it has exceeded
our expectations!”
- Bruce Sepielli
A business owner considering sale of their business should purchase an Opinion of Value or a Business Valuation.
Why? An Opinion of Value or a Business Valuation...
- establishes a clear starting point in setting an asking price,
- helps to answer the question, "is it the right time to sell?",
- can be used to firm up financing before the sale, resulting in more cash to seller, and
- provides a mechanism to review after-sale cash and tax positions.
Mill Creek Partners has developed a cost-effective Opinion of Value for small to medium sized businesses which employs the Excess Earnings Method, favored by the IRS, and the Multiple of Discretionary Income Method.
- The Excess Earning Method values a company based on separately determining the values of tangible and intangible assets and then adding the two values together.
- The Multiple of Discretionary Earnings values a company based on capitalizing discretionary earnings utilizing a multiplier derived from the measurement of business risk characteristics.
For larger businesses, the owner should purchase a business valuation. Mill Creek Partners uses the widely used "Business Evaluation Systems" software. This software, combined with the expertise of a Mill Creek Partners Business Advisor, develops a 60-page comprehensive valuation based on 72 key questions about the business, as well as financial data.
Listen to Mill Creek’s president Ron Hoxter on 1210AM’s ‘A Closer Look’.
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Schedule your free consultation now. Mill Creek Partners makes selling your business simple and gets you what you have earned.