Business Valuation Services in Utah
Our business valuations are performed by CPAs who have completed hundreds of certified
business valuations.
Our business valuation staff at Trak Financial Services enjoy working with our Utah clients, getting to know their businesses, building relationships and scrutinizing financial information. The result is a solid business valuation.
Our team family has had roots inUtahsince the state’s inception. Our professionals know Utah and its $230 billion economy well. Utah’s economic outlook has been ranked as #1 in the US for the last 15 consecutive years, much thanks to the innovation you see around Utah, especially Silicon Slopes.Our team in Utah is positioned well to value your business accurately for the current Utah economic conditions.
We make complex business valuation simple.
We have access to valuation data for all industries. For this reason, along with our experience, we can value a company in any industry. Here are some industries we have performed recent valuations for: Auto, Aviation, Construction, Convenience Stores, Electrical Services, Engineering, Events, Financial Services, Food, Gym, Gymnastics Training, Hair Salon, Language Services, Laundry, Liquor, Manufacturing, Massage, Medical Consulting, Nutrition, Online Retail, Painting, Pet Care, Professional Schools, Real Estate, Rentals, Repair, Retail Boutiques, Restaurant, RV Retail & Repair, Signage, Software, Travel, Utilities, Welding, Wellness, and several others.
We serve all areas of Utah, including: Salt Lake City, Ogden-Clearfield, Silicon Slopes, Provo-Orem, St. George, Logan, Vernal, Heber and Price.
We perform valuations for nearly every situation:
- Buying a business
- Selling your company
- M&A
- Partner separation
- Succession planning
- Divorce (marital separations)
- Tax issues
- Estates, ESOPs
- Business financing
- ROI analysis
- Acquisition price allocations
- Buy-sell agreements
- Dispute resolution
- and more....
Expert Team for an Accurate Business Valuation in Utah
When it comes to business valuation, we settle for nothing less than accuracy. To achieve this, we have a team of experts specialized in business valuation. Our team has the knowledge and skills needed for an accurate, reliable and understandable valuation for nearly any Utah business.
Apart from CPAs, we have business valuation experts, business owners and brokers, and Chief Financial Officers (CFOs). They come with many years of experience and have performed business valuations for various industries.
We therefore can cater to your exact needs for your business valuation in Utah.
Why choose us as Business Valuation Utah
We specialize in business valuation services with a holistic approach. Our full array of services are designed to help your business grow, improve and stay strong. Reasonable pricing, fast turn-around time, and unmatched quality makes us different than others. We have designed our business valuation service in a way that optimizes time while providing desired results. You can indeed trust our team to handle all your requirements for business valuation in Utah, from start to finish.
What is your business worth?
Do you want to know what your existing business is worth? Smart! We recommend business owners know the value of their business. We can help you accurately value your business and then also help it grow.
Looking to sell with a broker? Good idea, just don’t rely on a Broker Opinion to value the company. Instead, rely on a standards-based Business Valuation that is accurate. In our opinion, top-notch business brokers do not sell a business without a business valuation. Our business brokers at Trak Financial Services start the business sale or buying process on a unquestionably solid foundation.
We Offer Superior Business Valuation Services
Even though we can perform a valuation in a week with all-hands-on-deck, we normally
perform business valuations in three weeks. Let our team of experts handle your needs.
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Valuation Report
Trak Financial Services produces business valuation reports that are accurate, professional and understandable. We create a business valuation report that is tailored to your company needs. We meet with you at various stages of the valuation process. Once the valuation process is completed, we walk you through the final report. Consequently, you obtain a report that meets your wants. If ever needed, we also help you withstand scrutiny that may come.
Our Business Valuation Utah reports are compliant withIRS,SBA, andUSPAPrequirements. The valuations are prepared in accordance with the “Statement of Standards for Valuation Services No. 1” (SSVS) of the American Institute of Certified Public Accountants and Uniform Standards of Professional Appraisal Practice (USPAP).
Know Thyself, Accurately
Example Business Valuation Report Contents
- 1-6 Intro & Scope: Business Valuation Utah
- 7-47 Industry Report
- 48-53 Adjusted Financials and 5-Year Projection
- 54-56 Valuation Approach Overview
- 57-65 Methodology Detail & Conclusion of Value
- 66-68 Performance Benchmarks (KPIs) to Industry
- 69-73 Business Sale Considerations
- 74-85 Concluding Items
Valuation Special Features
- Market Data Comparables: Business Valuation Utah
- 5-Year Projected Financials
- Industry Report
- Benchmarks Report
- Discount calculations, as appropriate (marketability & minority interest)
- Covid adjustments, as needed
- "Gut Check" - Does the valuation amount make sense?
Guarantee
We guarantee our business valuation Utah reports for 2 years from the valuation report date. This means we make any necessary adjustments to the valuation for its time period. We also back our valuation for this time period, meaning we meet with interested parties concerning the valuation for up to 2 years.
We simplify the complex valuation process
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Valuation Process
Part I: Research and Analysis
- Interview management, reviewing business and financial operations.
- Compile business documents. Up to 5 years of tax returns and other financial documents such as P&Ls, balance sheets, AR Aging Report, AP Aging Report, Customer Revenues by percentage of revenues over 3 years, Operating/Partnership Agreement, Asset Listing (Depreciation Schedule), and Building Lease copy.
- Review and synthesize business information for business valuation Utah.
- Research and analyze the industry and market in which the business operates, obtaining significant relevant industry data that will be included in the final report, providing industry risk profile for valuation calculations.
- Determine NAICS code for industry report and industry comparables.
- Study economic conditions as of the valuation date.
- Analyze company financial data:
- Up to 5 years of financial records detail
- Reformat financial information
- Ask financial-related questions
- Make various normalization adjustments
- Analyze business financial condition, performance and trends
- Calculate and examine relevant financial and/or operating ratios
- Compare financial performance to the industry
- Identify and assess business value drivers and risk factors.
Part II: Client Questions and Review
- Ask detail questions to client regarding operations, outlook, market environment, financials, adjustments and assumptions.
- Review the financials, industry report selection, adjustments and assumptions with the client.
- Make any adjustments as needed, then review until client is satisfied with financials and adjustments. Many times this is done via multiple emails, but it may be a virtual meeting as well.
Part III: Business Valuation Method Analysis and Calculations
- Develop a 5-year forecast.
- Begin the report draft.
- We consider the possible business valuation approaches and methods and select those that are most likely to yield meaningful indications of value:
(1) Market Approach. Under the Market Approach to business valuation, we consult the marketplace for indications of business value. We generally use the private company sales data, but use publicly traded sales data when needed. Our team selects companies which resemble the subject business in terms of their financial and operational characteristics. They then statistically analyze and calculate appropriate market multiples: price/earnings, price/revenue, price/book value, etc.
(2) Asset Approach. The asset approach to business valuation considers the underlying business assets in order to estimate the value of the overall business enterprise. The business valuation methods under the Asset Approach include:
- Asset accumulation method
- Capitalized excess earnings method
(3) Income Approach. The methods under the Income Approach include:
- Discounted cash flow method
- Multiple of discretionary earnings method
- Capitalization of earnings method
- Reconcile the valuation method results and decide how much influence each should have in the final conclusion.
- Apply appropriate premiums and discounts to values indicated by the above methods. For minority interests, we consider control attributes. We also consider a discount for marketability, analyzing marketability attributes.
- Test the reasonableness of the value conclusion.
Part IV: Produce and Deliver the Valuation Report
- Write an understandable report in the agreed-upon format. A full report presents relevant facts, explains the analysis and procedures used, and provides supporting evidence for conclusions.
- Review, proof-read and finalize the report for business valuation Utah.
- Upon final payment, set up a meeting to go over the report virtually with Client and other interested parties of Client choosing.
- Deliver the final report to Client, in a professional PDF format
