How do I determine how much my business is worth?

Posted by admin on June 1, 2010 at 2:23 pm · Under answer

I am applying for a loan and want to list my business as an asset, but I am not sure how determine it’s worth. I bought an Exit Realty Franchise; I paid $30k for the franchise, plus all the office equipment, insurance, ect. I use the money from my commissions to pay the bills and the rest goes as my salary. As of now very little money has gone into the “business” except expenses. My agents have yet to close any deals. So without a real financial statement, is my business worth anything when I am pocketing profit? Yes I know I am not a very good businesswoman, you don’t have to tell me.

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1 Comment

  1. Dr. Deth said,

    June 1, 2010 @ 3:12 pm

    you probably could have started a real estate agency without a franchise – just work as an agent for a major brand. That type of business is hard to value – because if YOU leave, there is NO revenue, so it’s basically worthless to try and sell

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