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Business Appraisals in Virginia
The state of Virginia is named for the virgin Queen, Elizabeth I. Sometimes referred to as “the mother of states”, the original colony of Virginia is now part of six different states. “Old Dominion” is where the English settlement of America began, as the pilgrims first settled Jamestown in 1607. Officially a state in 1788, Virginia is home to rich American history and culture. Over half of the battles fought in the civil war occurred in Virginia and both wars fought on American soil ended in the state. The state is the birthplace of eight US presidents, which is more than any other state. But Virginia is more than a president-producing, history hub. According to the Virginia Department of Forestry, 62% of the state is forested. A large chunk of the famous Appalachian Trail runs through the Blue Ridge Mountains, which is perfect for hiking. Virginian geography has something for everyone, from the forests to the beach to beautiful rural wineries and apple orchards.
Virginia’s economy is full of diverse industries. Economic activities include shipbuilding, tobacco-growing, seafood processing, and information technology companies. According to the bureau of economic analysis, the professional, scientific, and technical services industry makes up 13.23% of the state’s GDP compared to the national average of 7.68%. Virginia has the largest data center market in the United States. According to the Virginia Economic Development Partnership, “it also has the highest concentration of tech workers in the nation.” The US Best States ranking ranks Virginia as the seventh best state overall, with its strong points being its health care, education, economy, crime and corrections, and opportunity. Virginia boasts a rare combination of a strong economy and opportunity. Not to mention, Virginia’s economy is full of hard-working individuals reaping the benefits of it.
Small businesses are the majority of Virginia businesses. According to the U.S. Small Business Administration, there are 766,826 small businesses in Virginia that make up 99.5% of Virginia businesses. Nearly half of all employees in Virginia are employed by small businesses. The concentration of small businesses in Virginia drives demand for business services, such as business valuation. At Peak Business Valuation, business appraiser Virginia, we frequently team up with individuals involved in business transactions and individuals looking to grow their business. Our goal is to educate our clients and help them feel confident reaching their business goals. We also understand that relationships are key to success in the small business world. If we don’t know the answer to your question, then we know someone who does! Reach out to Peak Business Valuation, business appraiser Virginia, with any questions you may have!
Where does Peak Business Valuation Perform Business Appraisals in Virginia?
At Peak Business Valuation, business appraiser Virginia, we have worked with individuals across the state. Cities we have worked with recently include:
- Virginia Beach
What Industries has Peak Business Valuation worked with?
In Virginia, Peak Business Valuation, business appraiser Virginia, has worked with many different types of businesses. From chiropractic offices to fried chicken franchises, each business we have worked with is unique, and different industries have different needs. It is important to work with a business appraiser in Virginia that has experience in your industry. Industries that we have worked with recently include:
- 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
- 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
- Auto Leasing, Loans & Sales Financing
- Life Insurance & Annuities
- Financial Planning & Advice
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
What Services does Peak Business Valuation offer in Virginia?
Peak Business Valuation, business appraiser Virginia, offers business valuations in Virginia for a variety of reasons. Perhaps you are looking to buy or sell a business, or you are a bank preparing to lend, or you recently went through a divorce. We frequently work with individuals and teams in these scenarios and many more. Examples of why someone would order a Business Valuation from Peak Business Valuation include:
- Buying or Selling a Business.
Virginia offers ample opportunity for individuals to follow their business passions and buy a business, or even sell their business when the time is right. Transacting a business typically involves negotiations. We educate our clients about the value of their business, as well as what drives the value of their business, to ensure they can buy or sell at the appropriate time to maximize their returns. Additionally, we ensure that our clients can negotiate the price of the business with confidence.
- Growing a Business.
Annual valuations provide a gauge of what your business is valued at, and how the business is growing. We enable business owners to measure their business, set goals, and make plans to grow their business to the value that suits them. Obtaining a business valuation to help grow your business puts you in the driver seat of your business.
- Small Business Association Lending
SBA Financing is frequently used to fund business purchases. Bankers are required to order an SBA 7(a) business valuation if the amount being financed is greater than $250,000. We offer these SBA business valuations to lenders as well as machinery and equipment appraisals.
- Gift and Estate Tax Planning
Transferring your business to an heir can be a complex process. Individuals reach out to Peak Business Valuation for valuations to ensure they can properly prepare for this event. Working in conjunction with a business appraiser and a tax planner helps ensure you are adequately prepared to fund future estate tax liability.
Peak Business Valuation frequently works with individuals who are in the beginning stages of divorce. Obtaining a business valuation early in a divorce can save time, money, and headaches. Both parties retain Peak Business Valuation as a client to arrive at a value that is amicable to everyone involved.
Whatever your situation, Peak Business Valuation is here to help you!
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