Dessert shop owners are you interested in possibly selling your business, but you’re not sure how much it’s worth? We can help you with that, traditionally formal valuation reports can cost upwards of $10,000 to $20,000 for small businesses, but we’re not talking about that size of an investment, just to get a ballpark of where you might have a listing price to successfully sell your business.
In selling your business you’ll want to be able to produce three years of financial statements and three years of tax returns. That’s a pretty standard requirement in requesting any sort of due diligence process. We will use that information to provide you with some valuation data that you can use in the sale process.
Now, this is not formal valuation information that you would use with the IRS or an illegal status. That’s that real expensive report I was talking about, this instead would be an internal use type of document or one that you could share in the format of a sale. It will give us our most hopeful price, our listing price. We will also give you an opinion on where we think a negotiated sale price would be as well as a fire sale price.
So if this is something that you would like to pursue at a much lower cost than a formal valuation report, please let me know. You can shoot me an email at email@example.com and check out our website as well. Please remember to subscribe to Sweet Tooth CPAs on YouTube so that you can stay abreast of the latest and greatest information. Thank you.
Donna Bordeaux, CPA with Sweet Tooth CPA
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.