What is our process and how long does it take to complete your valuation?
2 min read.
Once you’ve decided to engage our firm to value your business and have signed our engagement letter, we get going right away with our five easy steps to deliver our valuation report within the time frame promised.
1. Preliminary Information Request
Based on our understanding of your business, we prepare a list of the initial information we need to perform our preliminary analysis. The main information required at this point is typically the financial statements, tax returns, forecasts (if prepared) and some additional accounting reports such as trial balances.
You can send this list to your accountant or advisor that will help you gather the information. We can also work directly with your advisor(s) during this information gathering process.
2. Research and Analysis
We performed our analysis based on the information provided. Our analysis goes beyond the financial information. We conduct our research to understand the industry, economy, competitors and key players in the sector as well as similar business sale transactions.
3. Interview or Meeting
Once we’ve performed our valuation analysis, we reach out to schedule a zoom meeting with the key personnel of the business (likely to be the business owner(s)). The purpose of this meeting is to gain a thorough understanding of the financial performance of the business and its business model, customers, suppliers, competitive advantages, key risks and opportunities, industry, etc.
4. Draft Valuation Report
We then complete our draft valuation report and send it to the client to review. We reach out to schedule a zoom meeting to discuss the draft valuation report including the methodology used and how we arrived at our value conclusion. We answer any questions or comments you may have.
5. Final Valuation Report
Once you have approved the draft report and that all your comments and questions have been addressed, we issue our final valuation report.
Our process typically takes two to three weeks to deliver the draft or final valuation report.
Book a free consultation with us to chat more.