I need sale my business!

[West Coast]

hi every body! I want to sale my business, how I know the price of my business? thanks in advance.

[C. Charles Hahn]

Do you have a CPA?

[GearHead_1]

Do you have a contractual customer base? Unfortunately, if not and you happen to be a mobile detailer. Your business is worth exactly the price you can get for your equipment. If you have a brick and mortar location it`s an entirely different story.

[Addicted2Bling]

Do you have a contractual customer base? Unfortunately, if not and you happen to be a mobile detailer. Your business is worth exactly the price you can get for your equipment. If you have a brick and mortar location it`s an entirely different story.

I agree, clientel means doink when you sell a business because the customers are used to dealing with 1 detailer, and when you go in there and try to be like the old detailer they aren`t going to be very happy campers.

[TroyScherer]

I`ll give you $1.00...

[dd1101]

First I don`t know how a car detailing business is valued because there are too many unstable variables but usually a service firm can fall between 5 to even 10 times EBITA.

When selling off a firm I would look at value of operation and give it a value based on discounted cash flow and the terminal value(in your case your equipment). What are your cash flows like, how big is your book of business? How long have you been in business?

Most importantly why are you selling?

[Old Pirate]

Do you have a contractual customer base? Unfortunately, if not and you happen to be a mobile detailer. Your business is worth exactly the price you can get for your equipment. If you have a brick and mortar location it`s an entirely different story.

Best answer IMO.

[Tex Star Detail]

I agree as well with GH. It`s impossible for any of the forum member to even know remotely what your business is worth. You can have a bucket, wash cloth, towel, and dish soap. Then your business isn`t worth anything. If you have a full blown setup, steamer, extractor, van/trailer/truck, 100s in chemicals/rags/polishes/etc.....then your business is worth more, naturally.

Your business is worth what you think it`s worth, your net income, area, clients, and so on will play a part in it. So asses your business and then figure it out? Then you can SELL your business/equipment.

[West Coast]

Thanks every body for the answers, the truth is I`m divorcing & I need to pay to my ex half of what the business worth, is a mobile detailing, just part time 3 days a week, I make like $800 a month, price for equipment maybe $1800, What you guys think? Her lawyer said around $10,000.00,. and I said that is too much. thanks for the help...

[JSFM35X]

Must be her lawyer. Give her the 1,800 dollars in equipment and get 10 grand from her.

Thanks every body for the answers, the truth is I`m divorcing & I need to pay to my ex half of what the business worth, is a mobile detailing, just part time 3 days a week, I make like $800 a month, price for equipment maybe $1800, What you guys think? Her lawyer said around $10,000.00,. and I said that is too much. thanks for the help...

[C. Charles Hahn]

Must be her lawyer. Give her the 1,800 dollars in equipment and get 10 grand from her.

If he`s that bad at valuation, give her the entire business and rake in the profit. For once it won`t be the man that gets screwed in a divorce settlement.

[Todd@RUPES]

Thanks every body for the answers, the truth is I`m divorcing & I need to pay to my ex half of what the business worth, is a mobile detailing, just part time 3 days a week, I make like $800 a month, price for equipment maybe $1800, What you guys think? Her lawyer said around $10,000.00,. and I said that is too much. thanks for the help...

My ex tried the same. You offer a service based business in which you provide the service. The business has very little equity. Figure out what half of your equipment is worth (used/current market value) and that`s what her buy out is.

Close the business (open a new one at a later date) and if she wants more she will gave to go for alimony.

[Beemerboy]

Not one to criticize grammar on any forum, but you want to "sell" your business not "sale" it. Good luck in dealing with the lawyers, it`s never any fun.

[C. Charles Hahn]

Not one to criticize grammar on any forum, but you want to "sell" your business not "sale" it. Good luck in dealing with the lawyers, it`s never any fun.

I don`t think he`s a native English speaker, Dave....

[Beemerboy]

I don`t think he`s a native English speaker, Dave....

I suspected that Charles, but wanted to point it out in a nice way