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7 Replies Last post: Aug 18, 2008 11:50 AM by Michael_K

Valuing and Selling Your Business

Aug 13, 2008 1:19 PM

Click to view Michael_K's profile Professional Michael_K 4 posts since
Aug 13, 2008
It was difficult to decide which forum to post my introductory message. Most forums don't have a topic for valuing and selling businesses but it's a subject that every business owner thinks about and most confront at least once. My firm has been helping owners with these issues for 30 years, but we're new to the web. I hope you'll visit our site to learn more.

By way of introduction, if anyone has a question in this area, I will be happy to try and answer it.

Michael K Semanik
Triumph Associates Ltd
www.triumphassociates.com
434 974 6220

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Click to view candles70's profile Start-up candles70 1 posts since
Aug 13, 2008
1. Re: Valuing and Selling Your Business Aug 13, 2008 1:34 PM

It so happens I was also searching for the appropriate thread/forum for this subject. I own an internet business that sells candlemaking supplies to small home crafters and business owners. I run my company out of an 8100 sq. ft. warehouse that I own located in southern Ohio. Unfortunately, most of my inventory is petroleum based (waxes, fragrance oils, glass products) and costs have sky-rocketed. I have been trying to sell the property for over a year with no serious buyers, and have reduced the price. I need to get out from under this property and operate on a smaller scale in another location.

Any legitimate interest/leads would be appreciated, I will provide details about property upon request privately. New industry is relocating to my area, but time is of the essence in my situation.

Click to view intechspecial's profile Mogul intechspecial 1,455 posts since
Jan 6, 2008
2. Re: Valuing and Selling Your Business Aug 13, 2008 9:43 PM
in response to: candles70
I am interested in your services, and I am curious to know how much my business is worth and how you would go about selling it.

http://www.intechspecial.com
Click to view LUCKIEST's profile SCORE LUCKIEST 7,912 posts since
Aug 6, 2007
3. Re: Valuing and Selling Your Business Aug 14, 2008 8:29 AM
in response to: intechspecial
Valuing and Selling Your Business

As you know I am a SCORE Counselor in New York. We have a SCORE Counselor
who is a CPA and can help you figure out how much your business is worth.

Contact me at " pdeig@juno.com " if you want to get in touch with him

LUCKIEST
Click to view Michael_K's profile Professional Michael_K 4 posts since
Aug 13, 2008
4. Re: Valuing and Selling Your Business Aug 14, 2008 9:47 AM
in response to: candles70
candles70

Triumph Associates is not a traditional business brokerage. We are consultants that work exclusively with sellers to guide and coach them through the process. One aspect of our services is to develop and implement a marketing plan that identifies and approaches prospective buyers. Unfortunately we don't have a stable of buyers looking for businesses.

Best of luck with your situation.

Michael_K
Click to view Michael_K's profile Professional Michael_K 4 posts since
Aug 13, 2008
5. Re: Valuing and Selling Your Business Aug 14, 2008 9:57 AM
in response to: intechspecial
intechspecial,

A business's value is evaluated by buyers as an investment. The buyer can use the money to buy a CD, or some stock, or government bonds or your business. How much of a return will the buyer receive from your business for the investment and what are the risks that this return will continue? These are the key questions.

I believe the best buyers for a business are "strategic" buyers. Businesses that have a synergy with yours. Their return will be higher and they perceive the risks as lower than buyers from outside your area/industry. I develop a marketing campaign that approaches such buyers, keeping my client's identity secret until they've sign a non-disclosure agreement

My web site may offer some more insights.

Best wishes,
Michael_K
www.triumphassociates.com
Click to view intechspecial's profile Mogul intechspecial 1,455 posts since
Jan 6, 2008
6. Re: Valuing and Selling Your Business Aug 15, 2008 9:52 PM
in response to: Michael_K

My companies website has already been valued. I am interested if you are able to estimate my companies worth.

I already have some base figures, and would like a professionals opinion to see if I am correct.

I will look into your site at a later time.
Click to view Michael_K's profile Professional Michael_K 4 posts since
Aug 13, 2008
7. Re: Valuing and Selling Your Business Aug 18, 2008 11:50 AM
in response to: intechspecial
intechspecial,

To estimate its worth, I would need to know a lot of financial details about your business. I assume you don't want to post that. If you contact me privately I'll try to help.