Identifying Perks Helps
14 Feb 2017 12:11 PMTroy Potter
You will need to review how unreported cash sales (if any) and any personal items
that are paid for by the company, such as travel or entertainment are managed.
Unravelling personal expenditure from that of the business can make a big difference
to the selling price.
For example, a $20,000 trip paid for by the company is essentially
$20,000 off the bottom line and could reduce the sale price by four or five times
that amount. Review leased and financed assets to see whether they are better converted into fully
owned assets.
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