Business Valuation or Banking Valuation?
Hi Searchfund Community:
I'd like to get thoughts on how Sellers should go about getting a value for their business. Do you recommend that a Seller speak/meet with their Commercial Banker and start with what they would lend a "would-be" buyer, so as to get a sense of what that aspect of the deal structure would provide in acquisition "loanable funds"?
Of course, we recognize that additional factors could include down payment, seller financing, and other debt instruments.
Thoughts?
Many thanks!