As A Business Valuation Client You Receive
- A well-defined valuation process that considers a variety of income, market and asset approaches to identify the
methodologies that best suit your company and valuation purpose.
- Independent, objective and supportable value opinions that adhere to the American Society of Appraisers' (ASA)
standards and Uniform Standard Professional Appraisal Practices (USPAP)
- Coordination with your other advisors to confirm objectives are achieved.
The following are the typical steps involved:
Phase I - Preliminary Steps
Discuss the project with principals and advisors to ensure a complete understanding of the objectives and purpose of the business valuation engagement. Sun appreciates that different valuation purposes dictate alternative approaches.
Phase II - Request a Proposal
Upon gaining a complete understanding of your objectives, we will provide a written or oral valuation engagement proposal. It will define the scope of our service offering, expected timeline and fee for services.
Phase III - Data Gathering
We compile information about your company through detailed questionnaires; management interviews; document review; and a facility tour. Our ability to fully understand all financial and operational aspects of a client's company enables us to better achieve the valuation objective and support our conclusions. This requires a full understanding of the financial statements and any required recasting adjustments to account for owner benefits; perquisites; one-time and non-recurring expenses; intangible assets; and the operational and industry risk factors that can substantiate higher or lower valuation conclusions. We work with the client to generate projections of the anticipated future financial performance.
Phase IV - Research and Analysis
This involves a review and analysis of company documents, financial statements or tax returns, operational information, intangibles, risk factors and other data. Sun researches the relevant economic factors, industry trends and influences, potential risk factors and completed public and private comparable industry transactions. Financial statements are prepared for tax purposes and must be properly interpreted and recast in order to utilize the financial information for business valuation purposes.
Phase V - Valuation Preparation
Our reports include a comprehensive presentation of the specific business risk factors; a detailed description of the company and its market positioning; and a review and assessment of the prevailing economic conditions and trends in the specific industry. Detailed recast financial statements are included in the report. We consider, perform and review an array of valuation methodologies to determine which best apply. Relevant weight is then applied to each valuation indication given the specifics of the company, purpose of the valuation and insight gained during the analysis phase. All assumptions and results are tested for validity.
Phase VI - Management Review
A final draft of the report is reviewed with the client and any other professionals involved. The valuation is thoroughly explained to our clients and the associated advisors to ensure a thorough understanding of its conclusions, confirm accuracy and enable the report to be fully utilized for the intended purpose. If appropriate, we will make required revisions to the draft. Only then do we issue the final report. Sun can update the report as required.
For more information about how you can benefit from the services of Sun Business Valuations,
please call us toll free (800) 232-0180 or fill out his short
form.
Sun Business Valuations
411 Route 17 South ~ Suite 300 ~ Hasbrouck Heights, NJ 07604
Phone: (800) 232-0180
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