Guest Posted October 15, 2013 Posted October 15, 2013 Hi All Wondered if anyone could help me; if I was hoping to purchase a nursery, would an accountant be able to give me a valuation of the business based on the accounts? Or would I need a specific business valuer to look at it? Any advice gratefully received! X
finleysmaid Posted October 15, 2013 Posted October 15, 2013 are you buying the business or the premises or both?
Stargrower Posted October 16, 2013 Posted October 16, 2013 When I was in the process of selling my previous setting, we used an agent who specialised in valuing and selling nursery businesses. They were called AH Lansley but there are several around.
Guest Posted October 18, 2013 Posted October 18, 2013 Thank you for the replies - I would be buying the business, not premesis. x
Helen Posted October 18, 2013 Posted October 18, 2013 A friend of mine has recently had her nursery valued- and the figure was about 4 times the annual profit. I'm sure it's not an exact science and there are many variables though, but this might give you a ball park figure.
finleysmaid Posted October 18, 2013 Posted October 18, 2013 go and speak to your accountant. Valuers will often try to add value by including 'good will' in other words they will value the exsisting customer base. This is not an asset and cannot be guaranteed so (IMO) you shouldn't pay for it! a decent accountant should be able to give you advice about the true value of the assets ...you should be armed with the last 3 years of accounts (audited preferably) Business advisors at your bank can often be helpful and you should get their services free of charge.
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