The fair market value of your business, as the term would imply, is the price that your business would be likely to sell for on the open market as it stands. Of course, the fact of the matter is that we are not talking about a consumer item, where the fairmarket value is a hard and fast, defined figure. There are intricacies and individualities associated with each business, to the point where two similar companies of the same size in the same area might have very different values. So how can you get a fair market value for your business?
Use an outside M & A expert
Prepare your books
Assess the market
For the majority of small businesses, the market value will be defined in part by the state of the market itself –i.e. the price that comparable businesses have sold for recently. The issue with this is that these figures are not always readily available to the general public, so you will need to speak with a mergers and acquisitions consultancy, and not just any, but one that specializes in (or at least has significant experience dealing with) your specific industry and sector.
Pinnacle Pharmacy Group
At Pinnacle Pharmacy Group we work in the pharmacy business and digital health sectors –and only in these sectors. This focus gives us a unique knowledge of the industry and allows us to provide a range of expert M&A services to help you navigate the transaction process, on both the buy and sell sides.