How much does a business valuation cost?
How much does a business valuation cost? Well that depends on the purpose of the valuation and the complexity involved in producing a valuation report that is understandable, transparent and defendable in a court of law.
One of the most important factors to consider is how the valuation report will be prepared and the qualification and experience of the valuer.
A $450 automatically generated valuation will have no credibility in a court of law or with a lending institution. All it will do is provide a figure based on some spurious valuation approach. Similarly, when you require a business valuation, you should have assurance that the valuer has the relevant qualifications and experience to provide one that will be generally accepted.
The business valuation cost is also determined by the quality of the information supplied. A business or company that can supply five years of audited figures will take a significantly shorter time to value than one which the valuer must engage in forensic accounting.
With business valuations it is extremely prudent to get at least three quotes. Most professional business valuations should cost between $2,500 and $10,000. Even the most complex and intricate valuations should cost no more than $20,000. If a valuer is charging more than that, you should ask why?
The principle of Business Reports and Values, Lee Goldstein, has been involved in Business Valuations since 1985. He holds the following qualifications:
Double Major Degree in Accounting and Finance
Diploma in Forensic Accounting
Graduate Diploma in Valuation
Advanced Certificate of Business
Advanced International Certificate in Intellectual Property. Lee has conducted numerous intellectual property valuations covering a diverse range of industries and is often called upon to provide expert testimony in judicial matters. Lee has valued businesses and intellectual property worth over $350,000,000.
Lee Goldstein has been the Triennial Certificate holder and Licensee of a Business Broking Company since 1992
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