Business valuation Curacao

Are you planning to start or take over a business in Curacao or maybe you are thinking about the sale of your current business. Below I explain how the value of a company on Curacao is determined

Many sellers of companies on Curacao count themselves rich when they think about the value of their company, this is because emotions often play a role such as the history and / or reputation of the company, perhaps you are the owner of the first café on Curacao or are you purveyor to the court or have a clientele that includes well-known Curacao people. Many owners also overestimate their inventory and therefore arrive at an amount that makes the company unsaleable. A prospective buyer of a company is usually well prepared and knows what is going on in the market, so he will try to find out the prices of the sold equivalent companies and will mainly look at the figures. So if you plan to sell your company, make sure that all figures are clear and comprehensible. A specialist in business acquisition immediately sees when something is omitted with the aim of creating a better result on paper. For example, he checks whether the inventory has been valued correctly and whether the direct costs are correct in relation to the turnover. Every branch has core numbers and they usually don't differ much from each other.

The calculation

When making the calculation for the sale of a company in Curacao, the following factors play a major role

• Branch
• Location
• Rent or buy property
• Revenue
• Gross / net profit
• Personnel costs
• How long has the company been around
• Legal form of the business
• Outstanding items
• Outstanding claims
• Growth potential

If the sale of the company is planned in advance, it is wise in the run-up to the sale to continue the company as well as possible and to have all the necessary information at hand and to be able to substantiate this by means of figures. , contracts and reports, this avoids discussion and a lot of time loss and keeps bargain hunters at bay. Concrete plans to buy or sell a company on curacao always involve a business broker he knows the markets knows what developments there are in selling he may already be in contact with competitors who may be interested in transferring your share in the market and by buying he knows most of the similar companies that are for sale or on the silent sale.  

If you would like to have an extensive, more accurate business valuation compiled or advice about the purchase or sale of your company on Curacao, please feel free to contact Adriaan@sunlife-wp.devshs.com

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