This is one of the hardest questions because like anything, in the end it is only worth what someone is willing to pay for it.
But there is a starting point.
Traditionally it is a multiple of your profits earned (usually over the past 3 years).
The profit can be easily calculated from the business accounting records.
The multiple however is more complicated and is based on approx. 70 key business value drivers. The better the business, the higher the multiple.
Working on both sides of the equation is what every good business owner should strive to do, so as to maximise their business value.
Via our Businext program we can provide you with a valuation questionnaire so you can start developing your plan to achieve your goals.