The valuation of a professional design firm is a critical first step in embarking on a plan for internal ownership transition. A proper valuation of the firm should result in fair price to a seller of shares within a professional practice, while, at the same time, providing the purchasing individuals with an affordable opportunity to acquire ownership. Professional service firms are unique when compared to other business enterprises as to the elements that determine value. The strength of a firm’s personnel, management team, client concentration, industry specialties, marketing, backlog and a host of other factors require both an expertise in the industry as well as a thorough analysis of a firm to determine the proper value for purposes of internal ownership transition.
Dannible/McKee and Associates, Ltd. has more than 40 years of experience in valuing design firms in connection with internal transition plans. We have performed business valuation studies for a wide variety of design firms across the country in order to establish the proper value for internal ownership transition. Many of our valuation clients utilize our valuation expertise throughout the term of their transition plans to ensure their plan’s success.
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