Broker Tip – Why Do You Need A Valuation?

Why Do You Need A Valuation?
A practice valuation determines Fair Market Value, the amount a buyer is willing to pay in the open market.
A practice valuation determines Lending Value, which is the amount a bank is willing to lend a prospective buyer
A practice valuation determines the marketability of the practice. Will the business attract a buyer?

Tip by Dr. John Bryk and Dr. Bill Crank.

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