“How much does a business valuation cost?” It’s the question we’re asked most frequently, and it doesn’t surprise us one bit. After all, if our clients didn’t care about costs, they wouldn’t be interested in business appraisals in the first place. But comparing business valuations is a little like comparing timepieces. One clock might cost $5 while another costs $5,000. The cheaper option sounds like the clear winner – until you find out you’ve been comparing a sundial to a Rolex. In other words, you get what you pay for (and also, time is money, because we need a way to more thoroughly justify this simile). So instead of just throwing out a price point, let’s take a peek at what our competition charges and then show you how we stack up.
Remember the sundial we just discussed? Get ready to meet its business valuation equivalent. Many appraisers offer an online package for under $500, but what exactly are you getting for that price? Not much. These business appraisals often ask you to fax over your documents, fill out a survey, shoot off an email and then wait a few days for your response. There’s no personal connection and no conversation between the appraiser and the client. When the process is complete, you’ll be given a number that describes your business worth – but how accurate can it be if you’ve never even spoken to your appraiser? What should you do with this information once you’ve received it? If you’re paying under $500 for a business appraisal, you’ll have to figure that out on your own. All in all, you probably would have been better off just crunching the numbers yourself.
$3,500 to $7,500
Yes, that’s quite a jump as far as price points go, but if you research the average cost of business appraisals, this is the most common range. These valuations take longer to complete (usually two weeks or so) and are generally more in-depth than their $500 equivalents. They should be, given the price increase. For this money, finding the worth of a more complicated business structure – such as a family partnership – is possible, and you can expect a greater degree of communication between the client and appraiser overall. Most of that happens over the course of two meetings, one at the start and one at the end of the process. However, while appraisals at this higher rate will be more thorough and more valuable, many of them still don’t cover the most important part of a company valuation: exit strategy planning. Unless you know what to do with the information you’ve been given, your money isn’t really working for you.
Up to $35,000 and Above
Appraisals in this price range are etched in gold and delivered by a beautiful wild pony that you get to keep. Yes, we’re kidding, but at these prices don’t you think they should throw in a few extras? You’ll find high price points like these in situations that revolve around the courtroom – partner and contract disputes, for example, or even family law scenarios. Litigation issues typically have additional considerations and fees associated with them, but $35,000? No matter the size of your business or the scope of the impending legal battle, that’s a steep price to pay for a business valuation. Most of these appraisal packages charge your for procedures and calculations you don’t even need, wasting both your money and your time.
How Do We Stack Up?
At $3,500, our most comprehensive business valuation package comes in at the low middle range of the cost scale. We separate ourselves from the competition by providing extreme thoroughness and extreme value, offering a valuation package that typically costs $35,000 or more for one tenth of the price. In many ways, our product is even better than appraisals that cost ten times as much. Why? Because a ValuEdge appraisal comes with the following features:
In short, we do it all, and if special circumstances require extra consideration, we offer additional services a la carte. You pay for only the services you need and none of the ones you don’t. This helps us to keep our price point low while still meeting your business’s exact valuation needs.
Are we the cheapest appraisers in the business? No, we’re not. But you wouldn’t have made it this far with your own business if you didn’t understand that price points and quality are not the same thing. After all, even though it would cost you far less to ride a unicycle to work, we’re guessing you still hop in your car to drive to the office. When you choose a business valuation from ebusinessappraisals.com, you’re choosing to get a high-quality valuation for the price that it’s really worth. So what are you waiting for?
Please contact us via phone, email or the form below to discuss your business objectives and any questions you may have. eBusinessAppraisals.com team is eager to meet your business valuation and business planning objectives.Blog, Business Valuation, How to Value a Business business appraisals, business valuation, business-worth, company-valuation