Selling A Store

 
Opinion of Value

In addition to Business Brokerage services, Georgia laundry Brokers also offers "Opinion of Value" services.

When Do You Need a Business Valuation?

Why Use Us to Value Your Closely Held coin/card laundry?

Selling or buying a coin/card laundry requires that ultimately buyer and seller both agree to the same price and terms. Often this takes a long time because no "fair market value" was established ahead of time so both sides can know what is reasonable.

Balance sheets are not a reliable indication of "fair market value." Economic conditions change and frequently intangible assets are of greater value than tangible ones.

Usually valuations need to be kept highly confidential, objective, and independent. Using your personal accountant or attorney might not be considered an arm's length transaction by an outsider. We're often asked by these professionals to perform an Opinion of Value for their clients for just that reason.

The Georgia Laundry Brokers Promise

Relying on the accuracy of the financial, historical and other information received from the coin/card laundry owner, we will use the best system available to determine the "fair market value" of a specific business at a specific time. We will not, however, audit or review the information given nor will we express an opinion or assurance of its accuracy.

Because often time is of the essence, we will perform the valuation in 7 days or less.

Frequently Asked Questions

What is included in my final valuation?
Your Opinion of Value will run about 4 to 6 pages. It will include information compiled about your specific coin/card laundry from your financial statements. Typically, a financial spreadsheet will be included to show you how the analysis was conducted.

How long will it take to complete?
Usually Opinions of Value can be performed in five to seven days following collection of the data.

How can I be assured of confidentiality?
It isn't necessary for us to meet at your coin/card laundry nor is it necessary to speak with your employees, customers, clients, vendors or attorney. It is up to you who is involved with the valuation. If we are unable to speak with your accountant, however, you may need to have him answer certain questions for you regarding the financials of the coin/card laundry.

Why can't I use my lawyer or CPA to perform my valuation?
Of course you can, but many attorneys and accountants bring us in because they realize that because of their close relationship with you, a valuation by them may not be considered "arm's length" by an outside party such as a buyer or an adversary in court.

If, like many coin/card laundry owners, you have most of your net worth invested in your closely held coin/card laundry, shouldn't you know its true value?

What Is Your Coin/Card Laundry Worth? Every coin/card laundry owner wonders what their coin/card laundry is worth. The principal's of Georgia Laundry Brokers have valued hundreds of coin/card laundries in their careers. More...

Why Use Georgia Laundry Brokers? Every business involves selling of some kind, but the sale of your coin/card laundry itself is by far the most important sale you will ever make. Selling a coin/card laundry is a complex transaction and, while it's not impossible to handle it yourself, there are some compelling reasons why it makes good sense to work with a professional business broker who specializes in coin/card laundries. More...

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