An independent valuation can separate three questions that are often confused: what the business may be worth, what the seller wants and what the buyer can afford. It should sit alongside accounting, tax, legal and lending advice, since each adviser examines a different part of the transaction.
If a formal assessment is needed for a sale, partnership change, estate matter or financing decision, seek business valuation for a purchase prepared for that purpose.
The useful outcome is not a perfect forecast. It is a documented set of assumptions, evidence and agreed terms that leaves enough working capital and management capacity after settlement.