Business Valuation Q&A with Eric Jordan CPPA

1. How much is my business worth?
   Great starting point! Send me a message, and within 15 minutes of our first conversation, I can usually give you a ballpark estimate and a quote for a full valuation or appraisal.
2. What experience should a business valuator have?
   Hands-on experience owning and operating a relevant business for 10 or 20 years. That’s what it takes to understand and apply the '25 Factors Affecting Business Valuation' method that we use. It’s on my site, www.pin.ca, if anyone wants more details.
3. How do I get a business appraisal?
   Same as before—reach out to me, and we’ll get started. It’s simple.
4. What’s the best way to find out the value of my business?
   Again, just send me a message. I’ll take it from there.
5. Where can I get a business valuation?
   You’ve already found it. Send me a message or go to www.pin.ca, and I’ll help you from there.
6. How can I find the fair market value of my business?
   Same answer. Message me, and I’ll help you determine that.
7. Who does business valuations near me?
   That would be me, Eric Jordan, CPPA. Just send me a message, and we’ll get connected.
8. What affects the value of a business?
   A few main things: your normalized net income, your tangible assets, and, most importantly, the intangible assets surrounding them. Give me a call at 877-355-8004 or email me, and we can go over it in detail.
9. How much can I sell my business for?
   Assuming you mean at fair market value, message me, and I’ll help you determine that. Or just email me at eric@pin.ca.
10. What’s involved in a business valuation?
    It starts with your financial info, then we apply the '25 Factors Affecting Business Valuation.' If possible, we also do a Five Senses Inspection Report for a thorough analysis.
11. How long does a business appraisal take?
    Usually around 10 days.
12. How much does it cost?
    It can range from $1,500 to over $15,000, depending on complexity, but $3,500 is typical.
13. How do I know if my business is worth selling?
    Great question. Give me a call, and we’ll talk it through. Sometimes, a business is worth little without the owner, meaning it’s hard to sell.
14. How can I increase the value of my business before selling?
    Our valuation report can highlight areas to improve.
15. Can I get a business valuation for a bank loan?
    Absolutely. I’ve got a good relationship with the Canada Small Business Financing Program, so we can help with that.
16. Is now a good time to get a valuation for my business?
    Send me a message, and I’ll help you decide.
17. What do I need to get a business valuation?
    Relevant information, and then an intake call with me to get us going.
18. How do I prepare for a business valuation?
    Get in touch and gather your financial info for our review.
19. What documents do I need for a business appraisal?
    Mostly financials, your lease, and a willingness to discuss intangible assets.
20. What’s included in a business valuation report?
    A full report, possibly with a Five Senses Inspection. I always send a sample when quoting.
21. What’s the difference between a business appraisal and a business valuation?
    An appraisal often focuses on tangible assets, whereas valuation considers both tangible and intangible.
22. How accurate are business valuations?
    Very accurate. Most businesses sell close to our valuation if they’re well-promoted.
23. How do I get a business valuation in Canada?
    Message or call me; we can usually complete it within 10 days.
24. Where can I get my business appraised in Canada?
    You’re already in the right place—send me a message or call 877-355-8004.
25. Are there business appraisers in my city?
    Yes, my CPPA designation is recognized across Canada.
26. Can I get my business appraised without selling it?
    Of course. Message me, and I’ll explain why it’s still beneficial.
27. How do I find a good business valuator?
    We believe our methodology is top-notch for private business assets.
28. How do I know if a business valuation is reliable?
    Contact us, and we can share examples where our valuation matched sale prices exactly.
29. What should I look for in a business valuation expert?
    Experience in running a business is key. It was covered in one of the earlier questions, too.
30. What’s the tax impact of selling a business?
    Depends on whether it’s an asset or share sale.
31. How does a business valuation affect taxes?
    Selling shares with a spouse may shield nearly two million dollars from capital gains tax.
32. Can a business valuation help me get financing?
    Yes, especially with Canada’s $500,000 loan guarantee program.
33. What can I use a business valuation for?
    Tax planning, sales, divorce, partnerships, expropriations, and planning.
34. How does a business valuation help with selling a business?
    It provides a credible report that banks trust, making financing easier for buyers.
35. Is a business appraisal needed for partnership buyouts?
    Not legally required, but very wise to ensure all parties are informed.
36. Can a business valuation help me plan for retirement?
    Yes. Knowing your business’s worth is essential for retirement planning.
37. How do I get a valuation for a franchise business?
    Same process. Reach out, and we can help with financing or sale.
38. How do you value a family-owned business?
    Our method is especially suited for private, family-owned businesses.
39. How is a small business valued differently from a large business?
    Private business values are unique compared to publicly traded companies.
40. What’s the process for valuing an online business?
    Similar process, but with more emphasis on intangible assets.
41. What’s the best way to value a service-based business?
    Using normalized net income, then applying our 25 Factors Methodology.
42. Do I need a business valuation for estate planning?
    Definitely—essential for proper planning.
43. How is goodwill factored into a business valuation?
    Goodwill has limited relevance in private business but is sometimes used in big company acquisitions.
44. How do you value intangible assets in a business?
    Our 25 Factors Methodology specifically addresses intangible assets.