BizBuySell Launches New Online Service for Valuing a Business
Interactive valuation report lets business buyers and business sellers determine what a business is worth.
San Francisco, CA – November 10, 2008 – BizBuySell, the Internet's largest marketplace for buying or selling a small business, today announced the enhanced BizBuySell Valuation Report.
The Valuation Report serves as the most comprehensive online tool available to value a business. Valuations are based on nearly 32,000 sold comparables and 50,000 for-sale listings on BizBuySell.com.
The new report, which can be sampled on the BizBuySell Valuation Report landing page (www.bizbuysell.com/valuation), uses three distinct methods to generate valuations: the average of comparable company asking and sale prices; cash flow multiples; and gross income multiples.
For each generated report, users can specify a business by industry and location, and later refine their search by gross income, cash flow, sale/asking price, and sale/listed date. The site catalogs more than 80 different business categories spanning across the U.S. and Canada. A full-text keyword search also provides for even narrower business selections.
“This is an immensely beneficial service for current or prospective business owners who want powerful pricing insight on buying or selling their business,” says Mike Handelsman, general manager of BizBuySell. “The Valuation Report is truly consumer-oriented. The more an individual interacts with the report for narrower selection criteria, the more precise the asking price.”
The interactive nature of the Valuation Report allows the report buyer to set filters on comparables to get a more accurate valuation. For example, a report buyer may want the valuation to be based on listings from a certain geographic area, for a certain type of business, or with revenues that fall within a certain range. Valuations can then be recalculated at any time, and there is no limit to the number of times that the report filters can be changed.
Valuation Report pricing -- starting at $19.95 -- is based on the number of sold comparables available for an individual report, which is quantitatively detailed prior to purchasing.
There is a 30-day access period to view report data, in which comparables can also be printed and incorporated into presentations. While details for up to 50 individual sold businesses are available, users may also contact the business owner of active for-sale listings. Approximately 800 new comparables are added into the BizBuySell database on a monthly basis.
To view the BizBuySell Valuation Report, visit www.bizbuysell.com/valuation.
BizBuySell is the Internet's largest business for sale marketplace. Since 1996, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell currently has an inventory of approximately businesses - spanning 80 countries - for sale at any one time and receives more than monthly visits. The site also features an extensive franchise directory as well as an easy-to-use business valuation tool. Please visit www.bizbuysell.com for more information.
BizBuySell was founded in 1996 and in 2012 became a division of CoStar Group, Inc. (NASDAQ - CSGP) - commercial real estate's leading provider of information and analytic services. CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information and offers a suite of online services enabling clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. For more information, visit www.costar.com.
Walker Sands Communications
office: (312) 546-4712