Preliminary Valuation Checklist
When preparing for a business valuation, it's crucial to gather specific financial and operational data to create an accurate picture of the company. Please provide us with the items listed below.
Financial Statements
Balance Sheets
Provide current monthly Excel Balance Sheets for:
- 2026 YTD
- 2025
- 2024
- 2023
P&L (Income Statements)
Provide current monthly Excel P&L (Income Statements) for:
- 2026 YTD
- 2025
- 2024
- 2023
Compensation & Payroll
Owner's Compensation
What is your salary? ___________
Do you earn more or less than a non-owner replacement would earn in your role?
☐ Yes, more ☐ Yes, less ☐ No
If yes, how much? ___________
Family Member Salaries
Do you have any family members on the payroll?
☐ Yes ☐ No
If yes, please list each person's salary and indicate whether they are an active worker or simply on the payroll.
Add Backs & Rent
Add Backs
Provide an itemized breakdown of personal expenses run through the business that would disappear upon a sale.
Common examples include:
- Golf club memberships
- Family cars & gas
- Personal trips or vacations
Rent
What is the current rent? ___________
Terms? ___________
Please compare to Fair Market Value (FMV). Rent above or below FMV may require an adjustment to EBITDA.