RECOMMENDED REPORT

Buying or Selling a Business

Get a business appraisal from a certified professional to preserve your most valued asset – your business.

An accurate business valuation prepared by certified appraisers delivers critical insights that help you buy, sell or inform strategic planning decisions.
business valuation estate planning plan for the future

OVERVIEW

How do we determine the value of your business?

Understanding the different methods for valuing a small business is essential for making informed financial decisions.

Here are the key methods our certified appraisers use to determine the value of your business:

THE NACVA STANDARD

Why NACVA Certified Matters

NACVA is the nationally recognized authority in business valuation credentialing. Earning its Certified Valuation Analyst (CVA) designation requires demonstrated expertise, rigorous examination, and practical valuation competency.

  • Proven Expertise: Appraisers meet rigorous certification and experience requirements.

  • Professional Standards: Valuations grounded in recognized methodologies and objective analysis.

  • Reliable Results: Well-supported findings designed to withstand professional scrutiny.

  • Confidence in Every Decision: Experienced appraisers behind your report, not just automated calculations.
A man in business attire in the BizWorth officeTwo people in a conference room having a meeting
A woman pointing at her computer screen

HOW IT WORKS

Accurate Small Business Valuations in 3 Easy Steps

To achieve a precise and reliable business valuation, we follow three essential steps:

Step 1: Data Collection

Your certified appraiser will guide you on what financial documents are needed for the valuation, including profit and loss statements, balance sheets, tax filings, and other relevant records. Organizing these documents helps streamline the valuation process and ensures that nothing is overlooked. We also review past expenses to identify any one-time or non-recurring items that may be considered for potential addbacks. Additionally, we search for discretionary expenses, such as personal or non-essential costs, including donations, that might also be considered for potential addbacks.

Step 2: Normalization and Adjustment

During the valuation process, we adjust the financial statements for valuation purposes. These adjustments, based on our interview with the owner(s), focus on non-operational expenses and non-recurring expenses to provide a clearer picture of the business's true performance. It's important to note that these adjustments are made within our proprietary valuation model and do not alter your actual financial statements in your accounting software.

Step 3: Benchmarking and Valuation

After collecting, reviewing, and adjusting your financial data, we benchmark your company against similarly sized businesses in the same industry. This comparison provides valuable insights and highlights potential adjustments necessary for an accurate valuation. These steps culminate in a well-documented and insightful valuation, ensuring a clear understanding of your business's true financial standing.

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HOW TO PREPARE

Data you'll need to collect

To kick off the business valuation process, you'll start by gathering the necessary business and financial data needed for BizWorth to prepare a comprehensive and accurate valuation report.

You'll start with the Intake Form on the BizWorth Data Collection Portal which was designed for a seamless and secure data gathering experience. This platform ensures the confidentiality and integrity of your business information, offering a secure environment to collect essential data.
The valuation process will initiate only after you have completed and submitted the application through BizWorth's Data Collection Portal. So you can be prepared to complete the Intake Form, select the report below to see what information you'll need to provide.

Essentials Valuation Report

Turnaround Time: 1-5 Days

The Essentials Business Valuation Report is designed for small businesses with annual revenue under $750,000 and is available for companies with up to $2 million in annual sales. It is ideal for business owners and brokers who need a credible, professional valuation rather than a generic, computer-generated report.

This 18+ page report goes beyond surface-level estimates by using Sales and SDE valuation methods incorporating hand-picked business comparables and tailored financial adjustments to accurately reflect the business's true worth. The report operates under the simplified assumption that all working capital remains with the seller and is not available for businesses with real estate ownership or related-party lease agreements.

What sets it apart is the personalized service included with every report. Business owners and brokers receive a video summary of the findings and a consultation with the certified appraiser who prepared it. This ensures full clarity and confidence in the valuation.

With upfront pricing and no hidden fees, the Essentials Report provides reliable, high-quality insights for buying, selling, or strategic planning, delivering the trusted valuation support you need.

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Standard & Part A PreQualified Valuation Reports

Turnaround Time: 1-6 Days

The Standard Business Valuation Report is BizWorth's flagship report for business transactions and strategic planning, designed for companies with annual sales under $50 million. It builds upon our Essentials Report by offering a more comprehensive analysis of working capital and an estimated selling price based on the business's cash flow and its ability to support a loan for acquisition.

One of the biggest challenges in buying or selling a business is receiving a valuation that feels impersonal or unclear, especially without direct communication with the appraiser. At BizWorth, we believe a credible, accurate valuation requires more than just numbers, it needs expert insight and personalized service to guide informed decisions.

This 35+ page report, prepared by a NACVA Certified Appraiser, provides:

  • Hand-picked business comparables and tailored adjustments for an accurate valuation.
  • Loan eligibility analysis to assess the business's ability to finance a purchase.
  • Industry benchmarking to compare performance against market standards.
  • Asset, Market, and Income Approaches, offering a deeper understanding of the business's value.

To ensure full clarity, every report includes a Personalized Video Summary and a one-on-one consultation with the appraiser who prepared it. Plus, with upfront pricing and no hidden fees, you'll know the cost from the start.

Whether you're buying, selling, or planning for the future, the Standard Business Valuation Report provides the credible insights and professional guidance you need. Ordering is easy, get started in minutes.

Certified Summary Valuation Report

Turnaround Time: Less than 4 weeks

When you need a credible, defensible business valuation for complex M&A transactions, legal disputes, partner buy-ins or buy-outs, divorces, estate planning, or high-value business sales, accuracy alone isn't enough, you need transparency and expert guidance.

BizWorth's Certified Business Valuation Report, prepared and signed by a NACVA Certified Appraiser, meets the highest standards of valuation reporting. This 65+ page report provides litigation-ready insights using expert-selected valuation methods, hand-picked business comparables, and tailored financial adjustments to reflect a business's true worth

It is ideal for complex M&A transactions and legal matters, including:

  • High-value mergers and acquisitions exceeding $50 million.
  • Legal disputes requiring litigation support.
  • Divorces involving business assets.
  • Partial ownership interests (buy-ins and buy-outs)
  • Estate planning and succession strategies.

BizWorth ensures upfront pricing with no hidden fees. Every report includes a Personalized Video Summary and a one-on-one consultation with an appraiser. For litigation-related engagements, a $2,500 retainer covers services such as attorney correspondence, additional owner interviews, testimony preparation, and expert witness testimony.

Whether you're navigating a high-stakes M&A deal or resolving a legal matter, BizWorth's Certified Business Valuation Report provides the insights and support to move forward with confidence.

Certified SBA Compliant Appraisal

Turnaround Time: 1-10 Days

SBA loan delays often come from waiting on a business valuation, frustrating both lenders and borrowers. At BizWorth, we solve this by guaranteeing on-time delivery and having all valuations prepared by NACVA Certified Appraisers, no junior analysts. Our Certified SBA Compliant Business Valuation Report meets SBA SOP 50 10 6 standards and provides the reliable analysis needed for SBA financing.

This 65+ page report follows USPAP and NACVA standards, using hand-picked business comparables, expert-selected adjustments, and data collection support to give an accurate market valuation. It's perfect for loans over $250,000 or when there's a close relationship between buyer and seller.

What sets Bizworth apart is our personalized service. Along with the report, you'll get a personalized video summary of the findings and can schedule same-day consultations to answer any questions. With expert-selected valuation methods and a guaranteed 10-day turnaround, BizWorth helps lenders meet SBA requirements without delays.

Management Team

Thought leaders in business valuation

Shelia Darby, MBA, CVA,
MAFF, ECA

Managing Director, BizWorth

Shelia Darby is the Managing Director of BizWorth, where she leads the valuation department and specializes in business valuation and litigation support. With a career spanning over 25 years, she has deep expertise in valuation engagements, including complex litigation cases. She holds a BBA in Finance from Baylor University and an MBA from Rice University’s Jones Graduate School of Business. A CVA, MAFF, and ECA, Shelia is a member of NACVA and the Institute of Equipment Valuation and previously served on NACVA’s Ethics Oversight Board.

Kip Holderness, Ph.D., CPA, CMA, CFE, CVA

Valuation Expert; Litigation Support

Dr. Kip Holderness is a Valuation Expert with BizWorth, contributing to certified valuations and litigation support. He is a Professor of Accounting at West Virginia University and Program Coordinator for the Master of Forensic and Fraud Examination program. Kip holds a Ph.D. in Accountancy from Bentley University and is a CPA, CMA, CFE, and CVA. He also serves as Director of Research for the Association of Certified Fraud Examiners Research Institute and has been qualified as an expert witness in litigation matters.

Joseph Wilson, CVA, ECA

Business Valuation Manager

Joseph is a Business Valuation Manager at BizWorth, where he leads the firm’s SBA Valuation Team and oversees engagements across a broad range of industries. He holds a B.B.A. in Energy Management (2017) and an M.S. in Finance (2021) from the University of Oklahoma. Joseph serves as Treasurer of the TABB Houston Chapter and holds certifications as a Certified Valuation Analyst (CVA) and Equipment Certified Appraiser (ECA).

Shelia Darby, MBA, CVA, MAFF, ECA
Managing Director
Shelia Darby is the Managing Director of BizWorth, where she leads the valuation department and specializes in business valuation and litigation support. With a career spanning over 25 years, she has deep expertise in valuation engagements, including complex litigation cases. She holds a BBA in Finance from Baylor University and an MBA from Rice University’s Jones Graduate School of Business. A CVA, MAFF, and ECA, Shelia is a member of NACVA and the Institute of Equipment Valuation and previously served on NACVA’s Ethics Oversight Board.
Joseph Wilson, CVA, ECA
Business Valuation Manager
Joseph is a Business Valuation Manager at BizWorth, where he leads the firm’s SBA Valuation Team and oversees engagements across a broad range of industries. He holds a B.B.A. in Energy Management (2017) and an M.S. in Finance (2021) from the University of Oklahoma. Joseph serves as Treasurer of the TABB Houston Chapter and holds certifications as a Certified Valuation Analyst (CVA) and Equipment Certified Appraiser (ECA).
Kip Holderness, Ph.D., CPA, CMA, CFE, CVA
Valuation Expert; Litigation Support
Dr. Kip Holderness is a Valuation Expert with BizWorth, contributing to certified valuations and litigation support. He is a Professor of Accounting at West Virginia University and Program Coordinator for the Master of Forensic and Fraud Examination program. Kip holds a Ph.D. in Accountancy from Bentley University and is a CPA, CMA, CFE, and CVA. He also serves as Director of Research for the Association of Certified Fraud Examiners Research Institute and has been qualified as an expert witness in litigation matters.
Victoria Duron, CPA, CVA
Business Valuation Manager
Victoria is a Business Valuation Manager at BizWorth, focusing on valuation production and compliance support. She has experience working with a Big 4 public accounting firm in Forensic & Integrity Services, where she performed forensic accounting analyses, supported expert witness engagements, and managed compliance across federal grant programs. Victoria holds a Master in Professional Accounting and a BBA from The University of Texas at Austin. She is a licensed CPA in Texas, a Certified Valuation Analyst (CVA) through NACVA, and a member of the AICPA and the Texas Society of CPAs, Houston Chapter.
Sydney Gray, MBA, CVA
Certified Business Appraiser
Sydney Gray is a Senior Valuation Analyst at BizWorth, contributing to the valuation production team through financial analysis, business valuation, and valuation report development for privately held companies across a broad range of industries. She holds a Master of Business Administration with a concentration in Finance and a Bachelor of Science in Business Administration from Liberty University. Sydney is a Certified Valuation Analyst (CVA) through NACVA and is a member of the M&A Forum. She combines strong financial analysis, valuation expertise, and a commitment to professional excellence to deliver well-supported, objective valuation services for business owners, advisors, lenders, and legal professionals nationwide.
Christina Pedersen
Customer Success Manager
Christina Pedersen is the Customer Success Manager at BizWorth, overseeing client intake, valuation coordination, and ongoing client communications to help ensure a seamless experience throughout the valuation process. She holds dual Bachelor of Business Administration degrees in Management Information Systems and Marketing from University of Houston, graduating Summa Cum Laude. Christina combines strengths in project coordination, analytics, and customer communication to support efficient operations and deliver a high level of service to business owners, advisors, and valuation clients nationwide.
Dan Darby, MSc
Managing Director
Dan is a Managing Director at BizWorth, focusing on technology and partnership development to grow the company’s reach and advisor network. He holds a BBA from Baylor University and a Master of Science in Leadership and Organizational Change from Northwestern University. Dan brings a strong background in strategic marketing, technology adoption and business development.
Madeleine Fontein, PMP
Business Operations Coordinator
Madeleine Fontein is the Business Operations Coordinator at BizWorth, where she supports production management and streamlines business operations to ensure efficiency across teams. She holds a Bachelor of Commerce from Dalhousie University and is a Certified Project Management Professional (PMP). With a strong foundation in operational strategy and process improvement, Madeleine plays a key role in delivering high-quality valuation services.
Weston Tschirhart, ECA
Certified Machinery & Equipment Appraiser
Mr. Tschirhart is a certified machinery and equipment appraiser at BizWorth. Specializing in over 10 years of agricultural, industrial and restaurant machinery and equipment, Mr. Tschirhart’s expertise ensures accurate and reliable assessments for clients across various industries and locations throughout the country. A proud graduate of the University of Texas at San Antonio (UTSA), Weston's analytical prowess and commitment to excellence make him a valuable asset in providing comprehensive and accurate machinery and equipment appraisals to clients from coast to coast.
Michael Johnson
Marketing Manager
Michael Johnson is a digital marketing professional with a Bachelor’s degree in Strategic Communications from University of Colorado Boulder, specializing in SEO, analytics, revenue operations, and revenue-focused brand strategy. He combines expertise in HubSpot, Google Analytics, and content marketing to help businesses strengthen their online presence and drive measurable growth. Michael also brings hands-on experience managing multi-platform digital campaigns, social media growth strategies, and brand engagement initiatives across a variety of industries.
Shelia Darby, MBA, CVA, MAFF, ECA
Managing Director

Shelia Darby is the Managing Director of BizWorth, where she leads the valuation department and specializes in business valuation and litigation support. With a career spanning over 25 years, she has deep expertise in valuation engagements, including complex litigation cases. She holds a BBA in Finance from Baylor University and an MBA from Rice University’s Jones Graduate School of Business. A CVA, MAFF, and ECA, Shelia is a member of NACVA and the Institute of Equipment Valuation and previously served on NACVA’s Ethics Oversight Board.

Joseph Wilson, CVA, ECA
Business Valuation Manager

Joseph is a Business Valuation Manager at BizWorth, where he leads the firm’s SBA Valuation Team and oversees engagements across a broad range of industries. He holds a B.B.A. in Energy Management (2017) and an M.S. in Finance (2021) from the University of Oklahoma. Joseph serves as Treasurer of the TABB Houston Chapter and holds certifications as a Certified Valuation Analyst (CVA) and Equipment Certified Appraiser (ECA).

Kip Holderness, Ph.D., CPA, CMA, CFE, CVA
Valuation Expert; Litigation Support

Dr. Kip Holderness is a Valuation Expert with BizWorth, contributing to certified valuations and litigation support. He is a Professor of Accounting at West Virginia University and Program Coordinator for the Master of Forensic and Fraud Examination program. Kip holds a Ph.D. in Accountancy from Bentley University and is a CPA, CMA, CFE, and CVA. He also serves as Director of Research for the Association of Certified Fraud Examiners Research Institute and has been qualified as an expert witness in litigation matters.

Victoria Duron, CPA, CVA
Business Valuation Manager

Victoria is a Business Valuation Manager at BizWorth, focusing on valuation production and compliance support. She has experience working with a Big 4 public accounting firm in Forensic & Integrity Services, where she performed forensic accounting analyses, supported expert witness engagements, and managed compliance across federal grant programs. Victoria holds a Master in Professional Accounting and a BBA from The University of Texas at Austin. She is a licensed CPA in Texas, a Certified Valuation Analyst (CVA) through NACVA, and a member of the AICPA and the Texas Society of CPAs, Houston Chapter.

Sydney Gray, MBA, CVA
Certified Business Appraiser

Sydney Gray is a Senior Valuation Analyst at BizWorth, contributing to the valuation production team through financial analysis, business valuation, and valuation report development for privately held companies across a broad range of industries. She holds a Master of Business Administration with a concentration in Finance and a Bachelor of Science in Business Administration from Liberty University. Sydney is a Certified Valuation Analyst (CVA) through NACVA and is a member of the M&A Forum. She combines strong financial analysis, valuation expertise, and a commitment to professional excellence to deliver well-supported, objective valuation services for business owners, advisors, lenders, and legal professionals nationwide.

Christina Pedersen
Customer Success Manager

Christina Pedersen is the Customer Success Manager at BizWorth, overseeing client intake, valuation coordination, and ongoing client communications to help ensure a seamless experience throughout the valuation process. She holds dual Bachelor of Business Administration degrees in Management Information Systems and Marketing from University of Houston, graduating Summa Cum Laude. Christina combines strengths in project coordination, analytics, and customer communication to support efficient operations and deliver a high level of service to business owners, advisors, and valuation clients nationwide.

Dan Darby, MSc
Managing Director

Dan is a Managing Director at BizWorth, focusing on technology and partnership development to grow the company’s reach and advisor network. He holds a BBA from Baylor University and a Master of Science in Leadership and Organizational Change from Northwestern University. Dan brings a strong background in strategic marketing, technology adoption and business development.

Madeleine Fontein, PMP
Business Operations Coordinator

Madeleine Fontein is the Business Operations Coordinator at BizWorth, where she supports production management and streamlines business operations to ensure efficiency across teams. She holds a Bachelor of Commerce from Dalhousie University and is a Certified Project Management Professional (PMP). With a strong foundation in operational strategy and process improvement, Madeleine plays a key role in delivering high-quality valuation services.

Weston Tschirhart, ECA
Certified Machinery & Equipment Appraiser

Mr. Tschirhart is a certified machinery and equipment appraiser at BizWorth. Specializing in over 10 years of agricultural, industrial and restaurant machinery and equipment, Mr. Tschirhart’s expertise ensures accurate and reliable assessments for clients across various industries and locations throughout the country. A proud graduate of the University of Texas at San Antonio (UTSA), Weston's analytical prowess and commitment to excellence make him a valuable asset in providing comprehensive and accurate machinery and equipment appraisals to clients from coast to coast.

Michael Johnson
Marketing Manager

Michael Johnson is a digital marketing professional with a Bachelor’s degree in Strategic Communications from University of Colorado Boulder, specializing in SEO, analytics, revenue operations, and revenue-focused brand strategy. He combines expertise in HubSpot, Google Analytics, and content marketing to help businesses strengthen their online presence and drive measurable growth. Michael also brings hands-on experience managing multi-platform digital campaigns, social media growth strategies, and brand engagement initiatives across a variety of industries.

Frequently asked questions