McCay Duff advisor showing types of valuation reports

Types of Valuation Reports

We are frequently asked the question: what are the types of Valuation Reports? Here is a summary of each and what these Valuation Reports entail. Comprehensive Valuation Report Contains a conclusion as to the value of shares, assets or an interest in a business. Based on a comprehensive review and analysis of the business, its industry and all other relevant factors, adequately corroborated and; Generally set out in a detailed report. This report provides the …

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Business owner contemplating the value of his business

Your Business may not be Worth as Much as you Think it is … Yet

Do you know how much your business is worth? And by worth, I mean what price it would realize if it was for sale today. Many times small business owners think their business is worth more than it currently is. This is often referred to as the value gap. If your business represents a significant part of the funding for your retirement, you will want to determine the amount of this gap sooner rather than later. …

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Succession Planning for Business Owners

How to Focus your Succession Planning for your Hard-Earned Business?

“Succession Planning” is a term that is being used a lot in today’s business world. It refers to the process of exploring your options so that you can protect the value of your hard-earned business investment and choose the right exit strategy that makes sense for you, your business, and your family. This process takes thought, planning and time to arrange and implement. Who should you include in your Succession Planning? Statistics show that most …

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COVID-19 Impact on Business Valuation in the Case of Family Law

What is the Impact of COVID-19 In the Case of Family Law On Your Business Valuation?

I recently had the opportunity to attend a Webinar hosted by the American Society of Appraisers (ASA) that discussed the impact COVID-19 is having on business valuations.  The panelists included ASA’s, ABV’s, CBV’s and CFA’s and one of the most discussed topics was the impact the valuation date can have on business valuations, due to the uncertainty caused by the COVID-19 crisis. How is the valuation date determined for Family Law? The underlying concept of …

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Creating a Profitable Retirement Outlook for your Restaurant

How to Create a Profitable Retirement Outlook for Your Restaurant

It seems odd that a business owner would work his or her whole life on their business and then determine the business’s value based on what they “think “the business is worth, or an industry rule of thumb. If the sale of your business is going to fund your retirement you should know what your business is worth. Mr. Jones, A Quick Service Restaurant owner, has determined (based on industry rules of thumb, and conversations …

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