An agency valuation (also known as “appraisal” or “assessment”) is the process used to identify, analyze, and summarize all relevant data needed to establish a well-informed opinion of value for insurance agencies. Without a valuation, the value of an agency can not be accurately determined.
Valuations look at all aspects of an agency the way a buyer of insurance agencies would consider them, that is, by viewing each one as either:
Some of the common reasons for having an objective third party establish a value include:
The valuation report will point out factors that can likely hurt your agency’s market value. These may include existing competition, political uncertainties, current valuation trends, etc. By understanding such factors, agency owners can start to address them and build more value for their agency long before they are ready to sell.
An agency valuation is a great tool that agency owners can use in numerous situations, and we can help you make the most of it! At Stuart Ganis Consulting, our team of experienced professionals can help identify and address factors that can impact your agency’s value to maximize the value of your business assets.Contact Us Now