Business valuation & due diligence
A lot of business owners have an inflated estimate of the value of their business, and we see a lot of situations where people buying a business are really just buying themselves a job. So how do you know whether or not the price placed on a business by its owner is correct or not.
Due diligence is a further matter that needs to be considered, and this involves delving into the background of the business to make sure that you as the new business owner are not assuming responsibility for any unknown liabilities, that the financial information the valuation has been based on is true and correct, identifying any issues that could effect the business in the future, and related matters.
Lambourne Partners has extensive experience in valuing businesses and undertaking due diligence and it’s important that you discuss this matter before you get to far down the track when purchasing a business (and/or selling a business also).