hi every body! I want to sale my business, how I know the price of my business? thanks in advance.
hi every body! I want to sale my business, how I know the price of my business? thanks in advance.
Do you have a CPA?
Charlie
Automotive Appearance Specialist - Serving Greater Lansing, Michigan
http://www.cchautoappearance.com/
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.
A society willing to trade liberty for temporary security deserves neither and will lose both
ΜΟΛΩΝ ΛΑΒΕ
I`ll give you $1.00...
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?
2014 Acura TL SH-AWD Tech
2014 Acura MDX
AutopiaForums is the place to be.
Remember to Shop Autopia-CarCare.com for your Detailing Needs!
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.
"In the business world, the rearview mirror is always clearer than the windshield."
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...
Charlie
Automotive Appearance Specialist - Serving Greater Lansing, Michigan
http://www.cchautoappearance.com/
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.
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.
Old Enough To Know Better, Too Stupid To Care....
Dave`s Detailing
Sonoma County, CA
Charlie
Automotive Appearance Specialist - Serving Greater Lansing, Michigan
http://www.cchautoappearance.com/
There are currently 1 users browsing this thread. (0 members and 1 guests)
Bookmarks