News by SB Informer

ValuSource Acquires Small Business Evaluation Tool

SB Informer
Wednesday, August 9, 2006; 01:07 AM

ValuSource Software, the leader in business valuation software, has acquired Business Evaluation Systems (BES), a product that helps business brokers, owners, CPAs and consultants quickly determine the value of a small business.

"BES has been the industry standard valuation tool in the business brokerage industry for twenty years," said David Fein, ValuSource CEO. "It fits naturally at ValuSource, which offers solutions to determine the value of a privately held business of any size."

Glen Haddad, president of Global Business Investments Inc., a Fort Lauderdale, Florida, firm that advises buyers and sellers of small businesses, has been using BES for 20 years. "BES is simply the fastest, most accurate way to appraise the value of small privately-held companies," he says. "I use it to train every one of my brokers."

Mr. Haddad appreciates that BES offers both a mathematical and a rhetorical explanation of each valuation method it employs. He claims that when using BES to back up a valuation, sellers generally get at least 95% of their asking price. Haddad compares this to the alternative of using purely numerical equations or rules of thumb, which he claims in his years of experience rarely net sellers more 85% of their asking price.

BES lets you appraise any small business in less than 45 minutes, and automatically generates a 33+ page professional and comprehensive written report. You do not have to be a financial professional. To do an appraisal, a business owner simply needs to answer a series of questions about a business, review and assign weights to the evaluation methods, and set up a deal structure. The product comes with a video tutorial and a step-by-step navigator that takes you through the entire appraisal process.

BES uses a discounted cash flow module that accurately gauges the value of fast-growing businesses, and offers a detailed analysis of your return on investment and an expanded view of post-sale cash flow. Reports are generated in Microsoft Word and are completely customizable. You can also easily download values of comparable businesses from your industry or region from BIZCOMPS(R) into Business Evaluation Systems.

Recognized as the leader in the valuation software industry for more than 20 years, ValuSource develops a full line of products, including programs, databases, and report writers, that are fully integrated with Microsoft Excel and Word.

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