BizBuySell Offers Businesses Online Valuation Tool – eWEEK
eWeek reporter Nathan Eddy interviewed Domenic Rinaldi, Managing Partner of Chicagoland Sunbelt, for a story on business valuations.
Chicagoland Sunbelt works with selling business owners to determine an appropriate valuation for their business. Such business valuations are useful in determining the asking price for a business that is being sold.
Excerpts from the Article
In many cases, small to medium-size business (SMB) owners are curious to know how much money they could get if they sold their companies. A new online valuation tool from BizBuySell, the nation’s largest online business-for-sale marketplace, helps owners determine what their business is worth.
Domenic Rinaldi, owner of business broker Chicagoland Sunbelt, finds the tool to be of great help to SMB owners, but cautions the online service can’t yet replace living, breathing consultants. “It’s a great way to get an initial sense for what your business is worth, without having to make a material investment,” says Rinaldi. “However, we would still recommend that a selling business engage a valuation consultant to get a more precise estimate of what their company is worth. An online tool can only get you so far.”
See the full story at http://www.eweek.com/c/a/Midmarket/BizBuySell-Offers-Businesses-Online-Valuation-Tool/
Published December 11, 2008