Business Appraisal Philadelphia

Our Philadelphia-based business appraisal staff at Trak Financial Services enjoy working with our Pennsylvania, New Jersey and Delaware clients, building relationships, getting to know their businesses and providing CFO-level scrutinization of financial information which is important for appraisal accuracy. The result is a quality business appraisal in Philadelphia that can beat or match any other valuation firm. We know how to appraise business accurately, following national and international standards.

Professional Business Appraisal in Philadelphia

Our business appraisals are performed by CPAs who have completed hundreds of successful certified business appraisals.

Our family has had roots in history-steeped Philadelphia for several decades now. Our professionals understand the $730 billion Philly economy well. Despite frustrating poverty and crime levels in Philly, and flat real wage growth, the City of Brotherly Love has many bright spots such as attracting new residents from all over the world, a World Cup in 2026, easy access to the large US population areas and the rest of the world, top-tier secondary education, and housing is cheaper than the other large cities in the area. Unemployment continues to decline in 2023 and investment in development and re-development is strong. Our office in Philadelphia is positioned well to appraise your business accurately for the current Philadelphia economic conditions. We provide your best option for business appraisal in Philadelphia.

If you are planning buying or selling a company, getting a professional business appraisal report will give you a solid price to negotiate from. Obtaining an accurate measure of your business will help grow your business. Savvy businesses use business appraisal reports for assistance in making wise business decisions. A reliable business appraisal in Philadelphia is a valuable business asset. If an appraisal is needed for a partner or marital separation, we are your third-party trusted and unbiased appraisal firm to get the value correct, helping all parties come to the same conclusion of value.

Trak Financial Services offers a customized, in-depth and accurate business appraisal solution for all types of businesses. We have been providing high-quality and reliable services for years.

We pride ourselves in making complex business appraisal simple and easy. We involve our clients in the appraisal process, as the better they understand the process, the better appraisal we perform.

Our expert business appraisal team in Philadelphia is designed to meet specific needs of each business. We use the best methods and techniques to provide the best solution. Whether you need a simple appraisal or detailed appraisal of your business, we will meet your needs.

We specialize in cost-efficient, accurate appraisals that perform well under scrutiny. Our impartial and professional approach to appraisal helps ensure you obtain the best appraisal for your company.

Hire the Best Team

It’s a Philly Thing. When you have the best team you get the best results. Which is why we recommend our team comprised of experts: CPAs, business valuation experts, small business owners, business brokers, real estate professionals, equipment appraisal experts, and CFOs.

Our business reports are accurate, dependable and designed to meet precise requirements. Not just that, our appraisal reports meet the IRS, SBA, and USPAP
requirements. Our expert team will also walk you through the report to provide understanding of not only the report itself, but appraisal practices in general, which enhance your business knowledge. This way, you can use the report to make important decisions to make your company stronger.

Our Business Appraisal Services in Philadelphia

We provide robust and understandable business appraisal solutions for Philadelphia businesses. We utilize appraisal methods that provide accurate results that are best suited for specific industries and appraisal reasons. Businesses need accurate appraisals so that they can make the best decisions. We provide a customized solution that meets your specifications for business appraisal in the Philadelphia area. Using the best methods, our team of experts provide solid results.

Our business appraisal team in Philly performs appraisals for various purposes, such as:

Buying a company
Selling your business
Merger, acquisitions, or exit planning
Business growth funding
Dispute Resolution
Marital separations (divorce)
Litigation
Tax issues, estates, gifting, donations
and more...

Why Choose Our Business Appraisal Service?

The staff at Trak believe that we have a fiduciary responsibility to our clients. We have your best interests in mind in performing your appraisal. We take a holistic approach to business appraisal, which
helps us provide the most accurate results. Apart from that, reasonable pricing, fast turnaround times and high-quality service makes us different than others for an ideal choice for business appraisal in Denver. Our team will meet your specific requirements with professionalism and enthusiasm. We enjoy working with our clients in this important venture.

Do you know what your business is worth?

Do you have a business and want to know what it is worth? Smart! We recommend that business owners know the value of their business, usually their largest asset. We offer a holistic appraisal solution. Businesses grow and become more efficient with the right appraisal solution. Our business appraisals have fair pricing, good turn-around time and solid quality. We provide a custom solution. Our appraisal process is straightforward. All of this makes us one of the best service providers for providing business appraisals in Philadelphia.

Looking to sell your business with a broker? Good idea, just don’t rely on a Broker’s Opinion to appraise the business. Instead, rely on a professional standards-based Business Appraisal that is accurate and defensible to prospective buyers. The most successful business brokers do not sell a company without a business appraisal in Philadelphia. Our team at Trak Financial Services is competent, experienced and has the expertise to meet your specific needs.

Appraisal Report

Our business appraisal reports are accurate, professional and understandable. The report is tailored to your company and needs. Once the appraisal process is complete, we walk you through the report, ascertaining you get exactly what you want out of your report. We help you withstand any scrutiny.

Our business appraisal in Philadelphia report meets IRS, SBA, and USPAP requirements. The appraisals are prepared in accordance with the “Statement of Standards for appraisal Services No. 1” (SSVS) of the American Institute of Certified Public Accountants and Uniform Standards of Professional Appraisal Practice (USPAP).

Know Thyself, Accurately

Example Philadelphia Business Appraisal Report Contents

1-7 Intro & Scope: Business Appraisal in Philadelphia
8-25 Company & Industry Review
26-35 Adjusted Financials and 5-Year Projection
36-38 Appraisal Approach Overview
39-50 Methodology Detail & Conclusion of Value
51-53 Performance Benchmarks (KPIs) to Industry
54-58 Business Sale Considerations
59-68 Concluding Items

Appraisal Special Features

Market Data Comparables: Business Appraisal in Philadelphia
5-Year Projected Financials
Industry Report
Benchmarks Report
Discount calculations, as appropriate (marketability & minority interest)
Covid adjustments, as needed
"Gut Check" - Does the appraisal amount make sense?

Guarantee

Trak guarantees our business appraisal in Philadelphia for 2 years from the appraisal report date, meaning we make any necessary adjustments to the appraisal for its time period. Also if needed, we meet with interested parties concerning the appraisal for up to 2 years.

We simplify the complex appraisal process

Appraisal Process

Part I: Research and Analysis

Interview management, reviewing business and financial operations.
Compile business documents. Up to 5 years of tax returns and other financial documents such as P&Ls, balance sheets, AR Aging Report, AP Aging Report, Customer Revenues by percentage of revenues over 3 years, Operating/Partnership Agreement, Asset Listing (Depreciation Schedule), and Building Lease copy.
Review and synthesize business information for business appraisal in Philadelphia.
Research and analyze the industry and market in which the business operates, obtaining significant relevant industry data that will be included in the final report, providing industry risk profile for appraisal calculations.
Determine NAICS code for industry report and industry comparables.
Study economic conditions as of the appraisal date.
Analyze company financial data:

Up to 5 years of financial records detail
Reformat financial information
Ask financial-related questions
Make various normalization adjustments
Analyze business financial condition, performance and trends
Calculate and examine relevant financial and/or operating ratios
Compare financial performance to the industry

Part II: Client Questions and Review

Ask detail questions to client regarding operations, outlook, market environment, financials, adjustments and assumptions.
Review the financials, industry report selection, adjustments and assumptions with the client.
Make any adjustments as needed, then review until client is satisfied with financials and adjustments. Many times this is done via multiple emails, but it may be a virtual meeting as well.

Part III: Business appraisal Method Analysis and Calculations

(1) Market Approach. Under the Market Approach to business appraisal, we consult the marketplace for indications of business value. We generally use the private company sales data, but use publicly traded sales data when needed. Our team selects companies which resemble the subject business in terms of their financial and operational characteristics. The team then statistically analyzes and calculates appropriate market multiples: price/earnings, price/revenue, price/book value, etc.

(2) Asset Approach. The asset approach to business appraisal considers the underlying business assets in order to estimate the value of the overall business enterprise. The business appraisal methods under the Asset Approach include:

(3) Income Approach. The methods under the Income Approach include:

Part IV: Produce and Deliver the Appraisal Report

Write an understandable report in the agreed-upon format for business appraisal in Philadelphia. A full report presents relevant facts, explains the analysis and procedures used, and provides supporting evidence for conclusions.
Review, proof-read and finalize the report.
Upon final payment, set up a meeting to go over the report virtually with Client and other interested parties of Client choosing.
Deliver the final report to Client, in a professional PDF format