A third-party appraisal is just that — an appraisal performed by a third party. You pay the broker directly, and they subcontract out your business appraisal to a third-party appraiser, whom you never meet.

Determining the range of potential values for a company takes time to do properly because there are dozens of factors that must be taken into consideration.

A valuation is based on both qualitative and quantitative factors. We must examine both sets of factors before arriving at the estimated value of your company.

Regardless of how much appraisal experience they have, they should also have real-world experience selling businesses. Many business appraisals employ methods that a buyer would never use in the real world, and the knowledge used by appraisers when preparing a legal appraisal is irrelevant for owners who are considering selling their business.

As a business owner, one of the most important questions you will face is: What is my business worth? To answer this question, most business owners pay a professional to value their business.