Business Appraisal Utah

Professional Business Appraisal in Utah

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

Our Utah-based business appraisal staff at Trak Financial Services enjoy working with our Utah clients, building relationships, getting to know their businesses and scrutinizing financial information. The result is a solid business appraisal Utah.

Our team’s family has had roots in Utah since the state’s inception. Our professionals know Utah and its $230 billion economy well. Utah’s economic outlook has been ranked as #1 in the US for the last 15 consecutive years. Our office in Utah is positioned well to appraise your business accurately for the current Utah economic conditions. We provide your best option for business appraisal in Utah.

Getting an accurate measure of your business can help grow your business in many ways. If you are planning buying or selling a company, you will need business appraisal report. Likewise, you can use this report for making a wide range of critical business decisions. A detailed business appraisal report is a solid basis for making important decisions. A reliable business appraisal helps Utah companies succeed.

Trak Financial Services offer customized business appraisal solution for all types of businesses. We have been providing high-quality and reliable service for years with best results.

We make complex business appraisal simple and easy to understand.

Our business appraisal in Utah is designed to meet the specific needs of each business that we appraise. We use the best methods and techniques to provide the best solution. Our team comprises of experts who will be taking care of your requirements. Whether you need a simple appraisal or detailed appraisal of your business, we can meet your needs.

We specialize in providing a fast and cost-efficient appraisal solution for businesses. We can customize the service to meet your specific needs. You can rely on our expert team to provide professional independent appraisal results.

Trak serves all areas of Utah, including: Salt Lake City, Ogden-Clearfield, Provo-Orem, St. George, Logan, Vernal, Heber and Price.

Hire the Best Team

When you have the best team, you will always get the best results. Which is why, we recommend our team that comprises of experts like 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 detailed understanding of it. This way, you can use the report to make important decisions for improving your business.

Our Business Appraisal Services in Utah

We provide robust and understandable business appraisal solutions for Utah 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 Utah. Using the best methods, our team of experts provide solid results.

Our business appraisal team in Utah 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 Utah. 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 Utah.

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 Utah. 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 Utah 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 Utah Business Appraisal Report Contents

1-6 Intro & Scope: Business Appraisal in Utah
7-47 Industry Report
48-53 Adjusted Financials and 5-Year Projection
54-56 appraisal Approach Overview
57-65 Methodology Detail & Conclusion of Value
66-68 Performance Benchmarks (KPIs) to Industry
69-73 Business Sale Considerations
74-85 Concluding Items

Appraisal Special Features

Market Data Comparables: Business Appraisal in Utah
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 Utah 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 Utah.
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 Utah. 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