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Business Appraisals in New York
To quote Sinatra’s Theme from New York, “if [you] can make it there, [you] can make it anywhere.” New York, the Empire State, is regarded as the cultural heart of America, showing up in movies, songs, and across literature. In the late 1800s to the mid 20th century, millions of immigrants entered America through Ellis Island. According to US News, it is estimated that 4 in 10 Americans can trace at least one ancestor to this migration. New York City, The Big Apple, is the most populous city in America at about 8.60 million people. The next closest city in population is Los Angeles at 4.06 million. Wall Street is known as a major financial center for the world and is home to the New York Stock Exchange (NYSE). It was once a meeting of 24 stockbrokers under a buttonwood tree. On today’s Wall Street, the NYSE is the largest stock exchange in the world with a total equity market capitalization of over 25.6 trillion USD as of February 2021. New York one of the largest state economies in the U.S.
In terms of Gross Domestic Product, New York is the third largest state in the nation after California and Texas. According to the Bureau of Economic Analysis, New York makes up 8.10% of American’s total GDP. Notably, the finance and insurance sector makes up 20.63% of its GDP. The national average is 8.26%. This percentage is due to the large number of banks in the state. The state’s reputation makes it an ideal location for major corporations to set up shop in New York City. Real estate in New York is top tier, and the average home price is more than triple the national average. Still, many businesses find the steep prices worth it to have access to one of the most populous areas in America.
Business competition is steep in New York. As mentioned, many large corporations are headquartered in New York City. It may surprise you to know that per the Small Business Administration there are 2.2 million small businesses in New York, which accounts for 99.80% of all businesses in the state as of 2020. Half of the private workforce is employed by small businesses. Small businesses created 69,042 net jobs in 2019. As such, small businesses are the backbone of New York’s economy. At Peak Business Valuation, business appraiser New York, we frequently work with small businesses transacting, growing a business, or preparing an exit strategy. Reach out to us with any questions you may have about a business valuation in New York!
What Cities in Missouri Does Peak Business Valuation Perform Business Appraisals?
Peak Business Valuation, business appraiser Missouri, has performed business appraisals all over the state of Missouri! Some of the most recent and common cities we have worked with include:
- Kansas City
- St. Louis
- Lee’s Summit
- St. Joseph
Peak Business Valuation has worked with individuals in various areas throughout the state of Missouri. We would love to help you understand the value of your business in Missouri!
What Industries in Missouri does Peak Business Valuation Perform Business Appraisals?
There are a number of different industries across Missouri that Peak Business Valuation has worked with! We have experience with many types of industries and sizes. As well, we have experience in performing machinery and equipment appraisals. Here are some of the most common industries we work with:
- Concrete Contractors
- Glass & Glazing Contractors
- Roofing Contractors
- Heating & Air-Conditioning Contractors
- Flooring Installers
- Fence Construction
- Iron & Steel Manufacturing
- Bread Production
- Textile Mills
- Apparel Manufacturing
- Shoe & Footwear Manufacturing
- Metalworking Machinery Manufacturing
- Circuit Board & Electronic Component
- Printing Services
- Machine Shops
- Automobile Wholesale
- Auto Parts Wholesale
- Jewelry & Watch Wholesale
- Lumber Wholesale
- Footwear Wholesale
- Apparel Wholesale
- Construction Equipment Wholesale
- Industrial Supplies Wholesale
- Janitorial Equipment Supply Wholesale
- Paint Wholesale
- New and Used Car Dealers
- Recreational Vehicle Dealers
- Auto Parts Store
- Tire Dealers
- Furniture Stores
- Convenience Stores
- Clothing Stores
- Jewelry Stores
- Hardware Stores
- Lumber & Building Material Stores
- Supermarkets & Grocery Stores
- Beer, Wine, & Liquor Stores
Transportation and Warehousing
- Local Freight Trucking
- Long-Distance Freight Trucking
- Moving Services
- Local Specialized Freight Trucking
- Automobile Towing
- Couriers & Local Delivery Services
- Software Publishing
- Operating Systems & Productivity Software Publishers
- Internet Service Providers
- Wireless Telecommunications Carriers
Finance & Insurance
Real Estate, Rental, & Leasing
- Truck Rental
- Property Management
Professional, Scientific, & Technical Services
- Bookkeeping Services
- Accounting Services
- Tax Preparation Services
- Building Inspectors
- Consulting Services
- Advertising Agencies
- Engineering Services
- IT Consulting
Healthcare & Social Assistance
- Primary Care Doctors
- Physical Therapists
- Psychologists, Social Workers & Marriage Counselors
- Day Care
- Urgent Care
Arts, Entertainment & Recreation
- Arcade, Food & Entertainment Complexes
- Gym, Health & Fitness Clubs
- Bowling Centers
- Fast Food Restaurants
- Coffee & Snack Shops
- Bars & Nightclubs
- Single Location Full-Service Restaurants
- Event Planning
- Auto Mechanics
- Car Body Shops
- Dry Cleaners
- Car Wash & Auto Detailing
- Pet Grooming & Boarding
- Funeral Homes
- Security Alarm Companies
- Shoe Repair
- Cemetery Services
- Tanning Salons
- Maids, Nannies, & Gardeners
- Hair & Nail Salons
- Pest Control
Reasons for A Business Valuation in Missouri:
Peak Business Valuation offers valuation services and business appraisals in Missouri for the following reasons:
- Selling a Business: Peak Business Valuation, business appraiser Missouri, helps many business owners who are looking to sell their business. We understand the process of selling your business can be long and overwhelming. We provide business valuations quickly and accurately to ensure a smooth transition for the sale of your business. Once you have received the business valuation report, you will understand what the fair market value is. Understanding the fair market value of your business can help you in determining a listing price and with negotiations between potential buyers.
- Buying a Business: Many people throughout the world dream of becoming a business owner. However, the idea of being a business owner generally comes from starting your own business. The process of starting a business can be difficult due to lack of capital, time, or innovation. Have you ever thought about purchasing an existing business? This is a great option to fulfill your dream to become a business owner! Peak Business Valuation, business appraiser Missouri, helps individuals to buy an existing business. We create a simple, fast, and efficient process when it comes to purchasing a business! That process starts with understanding the value of the business you are considering purchasing. As you understand the value of the business, you can make a fair offer to buy the business.
- SBA Financing: A very common way to buy a business is through the SBA (Small Business Administration) 7(a) loan program. The SBA requires business valuations if the loan proceeds are greater than $250,000. Peak Business Valuation works with several banks, credit unions, and lenders throughout Missouri to provide SBA business valuations. We provide an accurate and timely business valuation for those individuals pursuing SBA financing in Missouri!
- Growing a Business: One of Peak Business Valuation’s main focus is to help small businesses thrive! A business valuation will help you understand the value of your business. Obtaining a business valuation from Peak Business Valuation can help you recognize ways to increase the value of your business!
- Other Services: Other than helping you sell, buy, or grow a business, we also offer gift and estate business valuation services in Missouri for those preparing their estate plan. Generally, a business valuation is required for most estate planning needs. We have great experience in performing business valuations for estate and gift planning. Additionally, if you are in a partnership or divorce dispute and need a business valuation done, we can work with your lawyer to make sure they understand the value of your business. No matter what your business needs are, Peak Business Valuation Missouri wants to help your business thrive!
Get your complimentary consultation from Peak Business Valuation, business appraiser Missouri, today!