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Learn More about ‘Biz-Valuation’
Why do I need a business valuation?
Although most of us would never consider selling a car or home without some form of independent appraisal or analysis to determine market value, an amazing number of business owners sell their companies by merely estimating a price. Some base the value of their business on what they hear other companies have sold, and many simply establish a price based on their own personal financial needs.
As a seller, your business is probably the most valuable thing you own. It’s penny wise and pound foolish not to invest in an independent appraisal. You can’t possibly expect to get full value for your business if you don’t know what it’s worth!
The same concern holds true for buyers. The major companies in the market today each have very clear criteria for purchasing a company – but it’s even more critical for a smaller business. To be successful in today’s competitive seller’s market, you will need to do your homework! Knowing fair market value is an absolute requirement if you are going to price your deals aggressively and play to win. It is equally important that you know when to pass on a deal that doesn’t meet your requirements.
You need to know what you have to sell and how much it is worth!
Then you can successfully negotiate in today's competitive market…and make your best deal at the best price!
So, what do business valuations cost these days?
In the case of many brokers, they offer “free” valuations…but, BEWARE, there are strings attached. Almost always, you will be required to list your business for sale with them. The average rate for a broker’s commission is anywhere from 5 – 10% of the sale of your business. Not exactly free, afterall!
Certified Business Appraisals may be necessary and appropriate for certain legal, IRS or estate planning purposes. These normally cost thousands of dollars. In recent cases with clients, the costs have ranged from $5,000 - $18,000 – depending on the size of the business.
Biz-Valuation is not a certified appraisal (link back to disclaimers), but if your purpose is to buy or sell a pest control company, it is probably better than an appraisal that would cost thousands of dollars.
Biz-Valuation is based on our 30 years experience in the pest control industry and direct involvement in the valuation, sale or purchase of hundreds of pest control companies.
Until technology allowed us to create Biz-Valuation, Acquisition Strategies (Acquis) offered only valuations that were generated on an individual basis. The average cost was $1500. Costs for similar valuations by brokers in our industry today range from about $500 to more than $2500. In both cases, these are one-time services that do not allow you to update data and calculate the impact of changes in value as you have different or more current information.
But No More!!!
Biz-Valuation gives you all the tools you need
to do your own valuation…at a fraction of the cost!
No more commissions, no more long-term commitments.
What is a Biz-Valuation?
Net Opportunity, and the team at Acquis, have developed the first and only web-based business valuation tool designed specifically for the pest control and lawn care industry.
Biz –Valuation now gives you the ability to take control of the process and get the information and feedback you need to “do your best deal”… real-time…right now.
Biz-Valuation has created all the necessary formulas and assessment tools – you just plug in your data and information. We do the calculations and provide a full report or our findings. All of this is done on-line through the proprietary systems we have developed, and now, made available to you.
Biz-Valuation is the industry’s premier toolfor helping you understand the value of your business based on the reality of current industry pricing . Unlike most business valuations available, Biz-Valuation focuses specifically on the pest control and lawn service industry. This means your business data will be compared to our industry’s benchmarks and analyzed based on what “our market” is paying today!
Biz-Valuation is not a certified appraisal or a guarantee of value and cannot be used for such purposes. However, in our industry it is highly unlikely that a certified appraiser has much (if any) experience in valuing a pest control or lawn service company. Instead, Biz-Valuation could be compared to the market analysis a Realtor does on a home by reviewing its specific attributes, the activity and trends in the current market and then projecting the potential value of the home in that specific market environment.
With 30 years experience in the pest control industry, and the expertise gained in assisting pest control operators buy, sell and value literally hundreds of companies over the years, the formulas, calculations and analysis contained in Biz-Valuation have proven to be a highly accurateindicator of what the market will ultimately determine to be the true value of the business.
What if I need a little extra help?
As you are doing your Biz-Valuation, there will be help prompts (?) throughout the tool – just like in the Biz-Estimate.
And, even though we are putting these valuation tools directly in you hands…we don’t leave you stranded! The team at NetOpportunity and Acquis are here to help, if you need us.
We can answer a few quick questions (contact us), or
we can be available to coach or consult at any point in the process (consulting).
What you need…when and how you need it! The choice is up to you.
I’ve already done Biz-Estimate. Why do Biz-Valuation?
The free Biz-Estimate gives you a quick glimpse into potential business value based on a few simple numbers. But, we know that every business is unique and has special characteristics that add real value in the market place!!!
With Biz-Valuation you have access to a comprehensive business valuation tool that allows you to go far beyond just those few simple numbers. Until now, this kind of information and feedback could only be obtained by hiring a professional advisor.
But now, with Biz-Valuation, you can get that kind of in-depth look at value right here at NetOpportunity
It is proven:
The more data you consider…the more detailed your analysis…the more accurate your valuation!
A more accurate valuation means you go to the negotiating table ready to make your best deal! You will be well-armed and able to make informed decisions about price and value!
Biz-Valuation provides the kind of information and preparation that are key to your success!
Who is Biz-Valuation designed to help?
- Buyers and sellers who want to take an in-depth look at all the factors that influence market value
- Owners who want to learn more about how the market values their pest control business – and why
- Anyone who wants to be armed with the information needed to navigate the process of buying and selling with maximum results!
Sellers who know what their business is worth almost always walk away from the closing table with more money than someone who is guessing the true value of their company.
Buyers armed with the knowledge gained through the Biz-Valuation process will have the information needed to evaluate strategic fit and structure deals that deliver their desired cash flow and profit!
What’s provided in a Biz-Valuation report?
Biz-Valuation gives you 11 reports including two valuations that reflect your specific information and values based on current market conditions:
- Customer base / revenue valuation
- Earnings / cash flow valuation
PLUS
- General Company Profile
- Revenue Analysis
- Revenue Growth Reports
- Recurring Revenue Analysis
- Customer Base Analysis
- Customer Base Growth Report
- Summary Opinion of Value
- Industry and Economic Factors Impacting Value
- Factors to Consider that go beyond “gross price or value”
What's the cost for Biz-Valuation?
Biz-Valuation is available on a monthly subscription basis and is value-priced at $265 for the first 30 days and then $25 per month thereafter allowing you the access you need to thoroughly research all the factors that impact the valuation of your business. NetOpportunity is constantly updating and refining the formulas, calculations and industry benchmarks so that the valuations you receive are as accurate as possible based on current market trends.
But rest assured, we do not change our calculations capriciously or on a single piece of data or information. Alterations to benchmarks and formulas are based on our interpretation of continuously collected “real-world” data.
With your purchase of the subscription to this valuation tool, you’ll get continuous access to run as many analysis and reports as you want. Use it for just one month or as long as you need it. You may cancel your subscription at any time. The choice is yours!
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