Three Tools To Consider Before You Sell Your Company
In anticipation of selling your company, you should consider gathering certain information that will be helpful in making your decision to sell or continue to invest and improve operations. In addition, this information will help determine what you can expect to realize in a sale. Listed below are three items to consider:
- Business Valuation – Have a business valuation performed by an outside industry expert on Mergers & Acquisitions. This will help you get a sense of what you can expect to realize from a sale of your company.
- Equipment Appraisal – Have an appraisal done by outside industry experts reflecting an Orderly Liquidation Value. This helps determine what you can expect in a sale of the equipment if the acquiring company is contemplating a “tuck-in” form of purchase. It also helps establish a value for insurance purposes.
- Customer Relationship – Increase the “value-gap” between you and your competition by identifying how your customers perceive your company in relation to your competition. NAPL’s eKG Competitive Edge Profile™ will identify your strengths (and weaknesses) in a report that you can use to improve your operation or share with a potential suitor.
The above information is often overlooked when a sale is contemplated. If you want to chat, give me a call at 201-523-6326 or email me at firstname.lastname@example.org.