This is a difficult time and we understand that your focus has likely shifted away from creating value in your business, to staying afloat, paying staff and overhead expenses, and planning to reopen if your business is closed. However, now is a good time to plan for the future when you have the time to do so.
We have a free valuation offer to help you focus on the NOW, while we focus on your FUTURE.
If you are considering the sale of your business within 1-2 years, a valuation based on 2018 and 2019 financials will serve as a baseline for both buyers and their lenders. Lenders can value a business based on the last two out of three years, meaning they could forgive any losses this year if your business shows that it can rebound. Many lenders will also likely not count this time period when your business has declined or shut down.
During the month of April, BayState Business Brokers is offering FREE* business valuations ($1,500 value!). Our experienced brokers can work with you at no cost, providing our experience listing and selling businesses for 15 years. We also have good advice from attorneys, accountants and lenders that we can share in regards to running your business during the COVID-19 pandemic.
Please contact our office to take advantage of this opportunity. We look forward to creating new connections with you and your company during this time.
*Available to companies that generated revenue of at least $500,000 in 2019. Our offer for a free business valuation is limited to businesses located in our market area who are prospective clients now or in the foreseeable future.