Do you own a lanscaping services company? Need to determine the value of your own business or prepare an appraisal for a client? Here are some interesting industry statistics to consider: Key landscaping industry statistics Classified under SIC code 0781 and NAICS 56173, there are over 93,680 landscaping planning, design and counseling establishments in the US alone. The industry as… Continue Reading
If you own a software firm, plan to start one or acquire an existing company, here are some interesting facts to consider: The two main segments of the software industry are custom software services and pre-packaged products. Software development services firms Classified under the SIC code 7371 and NAICS 541511, the firms in the software… Continue Reading
If you talk with professional business investors or business brokers, soon enough you will hear them mention business valuation ratios. Business appraisers refer to these tools as valuation multiples. Basically, the ratios are a technique to estimate the value of a business based on comparable business sales. Such market-based valuation tools are very useful in… Continue Reading
Privately owned and operated florists are a major part of the retail industry. Classified under the SIC code 5992 and NAICS 453110, there are around 35,650 such establishments in the US alone. The industry as a whole generates an impressive $6.6B in annual revenues and employs over 135,000 people. Yet an average flower shop is… Continue Reading
If you are like most business people, CPAs, brokers or investors, you probably take the actual business selling prices as a strong indication of what a similar business is worth. In fact, the market approach to business valuation relies on such selling prices comparisons for a good reason: Business selling prices offer an objective evidence… Continue Reading