How is a price determined for my business?
Determining what a business if worth is difficult for most people. Business Brokers make recomendations based on their experiences buying and selling similar businesses and have access to valuation information that regular people do not.
Typically this price will be 2 to 3 times the annual cash flow of the business after recasting, with a 25 to 50 percent down payment and a note paid off over 5 to 10 years. If the business can earn the income you want and make the note payments, then it is worth the price. We will work together to determine the asking price to assure you receive the best possible price for your business.