What happens during a desktop valuation of my business?
A desktop valuation is an appraisal of your business using software and known information that is available to the valuer. It does not involve an in-person visit to your premises, but it is typically used as a guide to inform you of your business’s potential market value.
If you are wondering whether now is the right time to place your business on the market, a desktop valuation is vital in helping you reach this decision. Conversely, it also indicates whether it would be more appropriate to wait until the market improves.
Desktop valuations are extremely useful in gaining a broad picture of how your business is faring in the market, and Selling My Business can provide the information you are looking for.
Why might you need a desktop valuation of your business?
If you are unsure whether or not to place your business for sale or simply wish to establish if its value has increased during the time that you have been in charge, a desktop valuation can meet your needs.
Additionally, there may have been a rise or fall in your market, in which case this type of appraisal can help you to make strategic decisions for its future and take advantage of any external elements that are in your favour.
- Previous sales and acquisitions experience
- Sector specialisms and average success rate
- Sales value expectations and growth potential
How are desktop valuations conducted?
Desktop valuations are performed by professional business valuers using available information that is typically provided by you and also gathered through online research. Software can be used to factor in this information, including comparable sales in your location.
Recent sales of businesses that can be compared with yours play an important part in arriving at a desktop valuation and offer you the opportunity to view your business against your competitors.
Gain insight into your business and its market
Although desktop valuations are not as comprehensive as full professional valuations, they offer the insight you need into how your business sits within the market and are accurate enough for their purpose.
If the desktop appraisal was requested to help you decide whether to go ahead with a sale, and you place it on the market, a full in-person valuation of the business and its premises can take place. This is more comprehensive and in-depth.
Full valuations are carried out at a later stage than a desktop valuation if you decide to sell your business, however, and are based on various elements including your trading history and assets.
Obtaining a professional valuation is key
Securing professional help is vital when requesting any form of business valuation. In the case of a desktop valuation, this expert knowledge provides a trustworthy reference point for making future decisions.
Our team of experts at Selling My Business has more than 60 years of combined experience in providing desktop and full business valuations and will conduct a valuation that you can rely on. Please get in touch to arrange a free consultation – we operate an extensive network of offices around the UK so you are never far away from our professional support.
