Request a Professional Business Valuation
A STEP-BY-STEP PROCESS FOR VALUING
YOUR CHARLESTON / MOUNT PLEASANT BUSINESS
“What’s my business worth?” It’s certainly a question that’s at the top of your mind if you’re thinking about selling a business. But since your business is part of your net worth, it’s something you may also want to know because you’re applying for a loan, getting life insurance or doing estate planning.
No matter your reason for wanting a business valuation, the business professionals at Viking Mergers & Acquisitions can help. We’ll guide you step-by-step through our proprietary business valuation process, giving you data-driven answers to your business value questions. Let’s take a closer look at the Viking business valuation process.
TESTIMONIALS
I cannot thank you enough for your professionalism and phenomenal follow-up. Since a deal fell by the wayside due to…
Keenan Moran did outstanding work throughout the process. He was always there when I needed him. He kept me posted…
Our representative, Kevin Carlisle of Viking Mergers was very professional, helpful and great to work with throughout the process of…
Acquiring a business for many is a big undertaking full of emotion and risk. As most business brokers represent the…
In the beginning of 2019, my business coach introduced me to Jay Offerdahl at Viking. We did a call and he suggested for me to get my business evaluated to see how it was performing. He offered to do one for free. He was easy to work with and provided tons of great information free. He didn’t try to push his services on me or trying to sell me anything. Later in the year I decided that I wanted to sell my business to be able to spend more time with my kids while they were still young. I instantly thought of Jay because was a great trusted advisor with my free valuation. I called Jay and he referred me to Greg White. I sure am glad he did.
Greg was awesome to work with. He is the most honest and dependable person I have ever met. A few times I was waffling on what I wanted to do. Greg advised me to wait if I wasn’t 100% sure. Most others in that position would have encouraged me to sell, but Greg always put my best interest above his own. Greg took care of all the details. He sent me exactly what I needed to do and coached me through doing it. We listed the business in January 2020. I received multiple full price offers in the first week.
The most important thing to me during this process was to find the right type of buyer. I wanted someone who would be compatible with the team and would keep the family focused culture. Greg took this very seriously. He didn’t waste my time with anyone that wasn’t a good fit. He talked to a hundred people, but I only had to talk to 5. Once we accepted an offer the real work began. I had no idea how many steps there were in selling a business. Greg managed the transfer process and kept us on track with weekly calls and checklist. He personally handled many calls and emails with vendors to help keep me focused on running my business and not having to spend all of my time on selling the business.
Greg’s and Vikings’ professional network was key to getting my deal done. They have great relations ships with attorneys, bankers, and all needed vendors. My deal would have falling apart a few times if it wasn’t for Greg and his network.
I highly suggest anyone interested in selling their business reach out to Greg and Jay. They will tell you honestly where you stand and help you get the full asking price and best buyer for your business. When I sell my next business, I will be calling Greg again.
The team at Viking Mergers was instrumental in getting our business sold. Trevor and Jay laid out the process at the beginning and then assisted us along the way by referring us to numerous resources such as lawyers & accountants needed to get the sale completed. They were always focused on ensuring that we were successful in getting what we wanted out of the sale even when emotions and egos started surfacing. Trevor, in particular, was always available & kept us focused on achieving the goal of getting our company sold at the peak of our 12-year run. I have already and will continue to recommend Trevor, Jay, and Viking to others whom I know in the market for buying & selling companies. Thanks again to Viking, Jay & Trevor for making this such a wonderful experience & look forward to working with you again in the future.”
ITEMS NEEDED FOR A BUSINESS VALUATION
If you’re even thinking about selling your Charleston / Mt. Pleasant business, strongly consider getting a professional business appraisal or valuation. Doing so earlier in the process can help inform your future decisions and will allow you to appropriately represent your business to potential buyers.
Any buyer knows that the sales number has to make sense…and if it doesn’t, they’re asking tough questions. Working with Viking, we’ll prepare you for the due diligence process, giving you the info you need to answer questions and move forward.
Interested in getting a business valuation for your Charleston – Mt. Pleasant business? Here’s a quick list of the paperwork you need to gather:
- Federal tax returns for the past 3 years
- Lease info
- Equipment list
- Interim Profit and Loss Statement (P&L), including balance sheet
- Profit and Loss Statements for the last 3 years, including balance sheets
- The average value of your saleable product on hand at any time of year
- If real estate is included, your most recent real estate tax bill and appraisal