If you have a thriving company that is worth less than $5 million, a business broker is the right choice. People often hear the term “business broker” and feel the same level of respect that they feel for used car salesmen, and in some respects, that is a well-deserved reputation. But there are many talented business brokers out there who can help mom and pop shops to find the right buyer and have a successful exit.
At Final Ascent, we work with businesses with an enterprise value higher than $5 million. Enterprise value is typically determined through industry multipliers of adjusted earnings of the business, plus any real property.