Find Out What Your Business is Worth Before Closing the Doors

Lately, our team has been driving around Greensboro and the Triangle area quite a bit. We have seen some really well-known businesses that just closed their doors without knowing what their business is worth. They never spoke to a business broker in the Triangle, they just called it quits.

As the owner of Sunbelt Business Brokers of the Triangle, we have a hard time watching these situations unfold. We love to provide local business owners, who are considering closing, a business valuation so they know what they could earn for all of their hard work.

3 quick items that go into creating a business value of a local company in the Triangle are:

1. Financial Statements: If a business is using Quickbooks, it is rather quick to compile the financial statements for the company. And don’t panic if they don’t look great! We understand that is why you are considering closing the business.
2. Create a List of the Tangible Assets: Many businesses have equipment including printers, computers, supplies, shelving and more. Take 30-minutes and create a quick list of every tangible item the business has in order to add that into the valuation.
3. Estimate of Earnings: There is a good chance that the business owner already knows this information. But, with the way the business is going, how much money would the business be earning in future years? Now, a business broker in the Triangle will help make sure this information is accurate before moving forward.

Now, doesn’t this sound easier than closing the doors and selling the computers on Craigslist? Most of the time, it is much easier, and it can make the outgoing business owner quite a bit of money. If you are considering closing your business, please call Sunbelt Business Brokers of the Triangle before closing the doors!