When you decide to sell your business, it’s normal to focus on the headline numbers: revenue, EBITDA, and the multiple you hope to achieve. But from a buyer’s perspective, those numbers are just the starting point. The real work begins when they start assessing risk (in every corner of your company). As a professional intermediary at Viking, one of the …
M&A Market Snapshot: Sector Valuations CPAs Should Watch
CPAs are trusted advisors. That means they’re often the first to hear when a client is thinking about a sale or restructuring. By having a pulse on sector valuations, a CPA can engage in those conversations with confidence. To help, Viking is committed to providing market-leading transaction insights. Here, we analyzed our most recent 100 transactions. Based on that data, we’re …
The Mirage of Hypothetical Added Value (HAV): Unveiling Real Business Worth
As veterans in mergers and acquisitions, Viking M&A often encounters business owners devoted to including hypothetical value in their business’s worth. So, while EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) is a widely utilized metric in the financial world, many business owners prefer EBITDA-HAV. What is EBITDA-HAV? I’m so glad you asked. It is incredibly tempting to believe …
Business Valuation vs. Appraisal
When discussing the concepts of business valuation vs. appraisal, the terms are commonly used interchangeably. However, they actually refer to two different processes with distinct purposes and methodologies. Let’s dive into what sets them apart. Valuation vs. Appraisal: Two Main Distinctions 1. Physical Assets vs. Intangible Assets Appraisal of Physical Assets: Physical assets like machinery, real estate, and inventory …
Planning and Small Business Valuation
Chess is one of those games where you can go from being on top of the world to an emotional pit in a short amount of time. Lately, one of the more frustrating things that happened during a game was what’s called a fork. A fork occurs when your opponent positions their pieces, so you must take a loss and …
5 Ways to Grow the Value of Your Business
Growing the value of a business is a critical concern for any entrepreneur or business owner. Entrepreneurs commonly hear that a company will be worth 3-5x (or some other range of multiples) of the EBITDA or other financial indicators. But what differentiates earning the high end of that range from the low? And how can you move your business from …
The Right Exit Strategy – How Viking Mergers Helped Karen Enloe Sell Her Business
When Karen Enloe began considering selling her Asheville- based pottery distribution business, The Pottery Market, she knew she needed the right exit strategy. She had worked hard for many years in the business and was looking forward to a new chapter in her life. Karen turned to Eric J. McKeehan and Jeff McKeehan of Viking Mergers & Acquisitions of Asheville to develop the right plan to accomplish her …
How to Value a Business: One Part Art…One Part Science
In order to sell your business for top dollar, you must demonstrate its value. That value is based on a lot of numbers and calculations, but it also includes factors that can be harder to capture on paper. The reality is, conducting a thorough and accurate business valuation is both an art and a science. Most buyers focus on the …
Have You Done The Math On Your Most Valuable Asset?
The closest thing most small business owners have to a business valuation is a speculation. If that sounds like you, you are far from alone. A recent bank survey revealed that 98% of small businesses can’t put a figure on their company’s value. If the majority of your personal net worth is invested in your company (which is the case …
Deal Structures: Wisely Negotiating More Than Price When Selling a Business
When selling a business, there is much more up for negotiation than just the purchase price. We believe that a well-informed seller is better equipped to make the right choices for themselves and their business. This is the first in a series of blogs dissecting the structure of business deals. When a buyer wants to purchase your business, they will …










