FAQ

Why should I choose Endeavour Valuations?

Valuing a business is a specialist area requiring technical financial analytical skills as well as broader business assessment capabilities.

Frequently business valuations are undertaken at times of conflict or where the Tax Office may review and potentially challenge the valuation. You need a valuer who can prepare a business valuation that withstands the challenges that may be raised.

Endeavour Valuations have the technical skills and market awareness to professionally undertake business valuations for smaller and medium sized businesses. Peter Wallace, our Managing Director, is a Chartered Accountant Business Valuation Specialist as well as a Registered Business Valuer of Australian Institute of Business Brokers. As far as we know, he is the only person to hold both qualifications.

As specialist business valuers, we have invested in systems to enable us to costeffectively produce high quality reports.

Our business valuations are:

 Compliant with APES225 as well as the regulatory requirements of the specific valuation whether that be for Family Law, Taxation, litigation or auditing

 Logical, defensible and clear

 Cost competitive, with a fixed price for smaller valuations

Why can’t my accountant do the valuation?

“Business valuation” is a specialist field requiring both technical skills and market awareness.

Your accountant may not be a valuation expert and they may not be independent because of relationships and other services provided to the parties.

If your accountant offers to conduct the valuation, ask them some questions before their appointment

 Are you really independent?

 Are you a Chartered Accountant Business Valuation Specialist?

 How many business valuations do you conduct a year?

 Will the valuation be APES 225 compliant?

What are your qualifications and are you a Chartered Accountant Business Valuation Specialist?

Peter Wallace is a Chartered Accountant Business Valuation Specialist. He is also a Registered Business Valuer of Australian Institute of Business Brokers and to our knowledge, Peter is the only person with both qualifications.

His Qualifications include:

 Bachelor of Commerce

 Masters of Business Administration

 Chartered Accountant

 Chartered Accountant Business Valuation Specialist

 Business valuation specialisation course, Kaplan Education for Institute of Chartered Accountants

 Registered Business Valuer, (Australian Institute of Business Brokers)

 Registered Business Agent (NSW)

 Certified Practicing Business Broker

 Fellow, Australian Institute of Business Brokers

 Fellow, Australian Institute of Company Directors

How much will it cost?

The cost of the valuation is dependent on the type of valuation, the size and nature of the business and complexity of corporate structure.

We can provide either a fixed price valuation quote for a single small entity or estimate of range for larger and/or more complex valuations. We strive to provide clarity of cost before the valuation commences.

Like other professional services, such as legal or accounting services, the price of a business valuation services should always be one consideration in selecting the professional. The total cost of a non-complying or deficient business valuation frequently far outweighs the cost of a professional valuation.

Will you do fixed price business valuations?

Yes, Endeavour Valuations will provide a fixed price quote for a single small entity or estimate of range for larger and/or more complex valuations.

You will find that our pricing is competitive as we have invested in systems to streamline the process and ensure high quality.

In order for us to prepare a fixed price quote, we will need to have a general overview of the business, its size and profitability and the corporate structure. We also need the support from the client to provide timely and complete information.

What information will be needed to conduct a valuation?

We will provide you with a generic information requests, which may be followed up with additional information for your specific business and circumstances.

Typical information includes

 Business – overview of and history of the business, business plans,

 Financial – 3 years of accounts and income tax returns, recent BAS statements, year to date management accounts, budgets and forecasts

 Legal – major contracts such as leases, franchise agreements, distribution agreements,

 Corporate – constitution, shareholders agreements

The better the quality of information and completeness of answers, the cost and time to complete the valuation is reduced.

How long will it take?

We understand that you probably would like the valuation as soon as possible and we will work with you to achieve this.

The key timing issues are receipt of timely, accurate and complete information and the complexity of the valuation.

For a straight forward valuation, we can turn it around in 5-7 business days after receipt of all information, including any subsequent requests.

What industries have you worked with?

Whilst each industry has its nuances, our valuation processes are reasonably similar regardless of the type of business or the industry. Our valuation and advisory experience and network covers many industries enabling us to very quickly identify the key drivers of value in an industry. We have had exposure to a very wide range of industries including:

Accounting

 Allied health

 Biotechnology

 Cafes and restaurants

 Dentistry

 Diagnostic products

 Digital media

 Distributors

 Engineering Fabrication / Manufacture

 Financial planners

 Franchisees

 Franchisors

 Import/distribution

 Insurance brokers

 Investment management

 IT Services

 Lawyers

 Life assurance

 Manufacturing

 Medical centres

 Pathology

 Physiotherapy

 Podiatry

 Private equity

 Professional service firms

 Real Estate Agents

 Restaurants and Cafes

 Retail

 Scientific and Medical Products

 Service

 Stationery

 Technology

 Trades including automotive mechanics, plumbing and electrical contractors

 Transport providers

 Video

 Vending

 Venture capital

 Wholesale Distributors

Where will you conduct a business valuation?

We conduct business valuations and advice across of Australia, so location is not a

barrier.

We have clients in Sydney, Melbourne, Brisbane, Sunshine Coast and Perth as well as regional areas.

I am an accountant, can I refer business valuations without risk of loosing the client?Absolutely, we are valuation specialists and do not do accounting, bookkeeping, audits, tax returns or financial planning.

Buying and selling businesses, can you help?

As both Business Agents and Business Valuation Specialist, we are in an ideal position to assist you in buying and selling a business.

Endeavour Capital has the technical skills and market awareness to prepare an informed assessment of value based on our combined qualifications and extensive experience as a Chartered Accountant, Registered Business Agent and Registered Business Valuer.

We believe that our activities in assisting in buying and selling businesses enhances our valuation practice as we are up to date on what is happening in the market. Also the valuation practice enables us to counter unrealistic parties expectations.

Would you present at our conference or in house training sessions?

We regularly present at conferences as well as in house training sessions at no cost.
In addition to individual firms, Peter Wallace has presented at:

 Australian Institute of Business Brokers

 Australian Institute of Company Directors

 CPA conference

 Institute of Chartered Accountants

 Macquarie University

 Mindshop

 The Executive Connection

Also, we are happy to take a call to discuss any valuation issue.