SMALL BUSINESS VALUATIONS:
VENTURA, SANTA BARBARA & SAN LUIS OBISPO
Each Report is Built, not scripted
Results that stand up where and when it counts.
SB Valuations
SB Valuations has produced certified business valuations and appraisals for more than twenty years, led by founder James "Jim" Lisi, CVA. Based in Ventura through 2015 and in Santa Barbara since, he serves clients across California and the USA. We use M&A transaction data to benchmark private firms, instead of public-market stock prices, to value businesses the way an actual buyer or investor would; for M&A, partner exits, estate and gift filings, 409A and ESOP compliance, and divorce. Reports run from a calculation report at $2,600 to $7,000–$11,500 for a certified Market Value or Investment Value report, built to hold up under IRS scrutiny and win the argument, at a fraction of what national and regional firms charge.
VALUATION ADVICE SHOULD BE ACCESSIBLE AND APPROACHABLE
Valuation work does not have to be confusing. Every engagement starts with a free, thirty-minute introductory call where we discuss the specific problem you are solving, whether it is a partner buyout, an IRS estate filing, a 409A grant, or a divorce settlement. From that conversation we build a scope of work sized to the decision, then you sign an engagement agreement and the work begins.
SERVICES
Raising the Bar
CALCULATIONS
Simple 'run the numbers' reports that get you in the neighborhood for the value of your company. Includes normalization adjustments, expert data selection and matching of the transaction data to subject
MARKET VALUE
True business appraisals that analyze margins, revenue growth, opportunity size, entry barriers and working capital among other factors. These certified valuation reports also provide key definitions, appraisal principles and go well over 100 pages in order to explain value to a regulatory agency or a court
INVESTMENT VALUE
Business appraisals that also study ownership issues and reflect value to the current investors. This analysis is appropriate for divorce and other investor exits. Investment value analysis is part of evaluating partial interests in a company because ownership affects investor value.
DISCOUNTS
Under market value standards, discounts apply to minority interests in private companies and real estate. Large blocks of public stock are also discounted when a sale of the entire block would depress the price
PROMISSORY NOTES, WARRANTS AND OPTIONS
The value of securities created by a private company depends on the business's ability to repay or upon a sale of the company for a sufficient amount. A company's securities are appraised because they may or may not be worth face value
WHAT WE DON'T DO
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GAAP measurements, because it clashes with intrinsic valuation
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Professional firms with more than two partners
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Banks
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Healthcare firms using RVUs
​Any other interesting project is fair game​
OUR DIFFERENCES
Only the Best
Our viewpoint is that of an investor, not a Fair Value accountant or a university statistician.
We use M&A transaction data, the same data corporations, private equity investors, and business brokers rely on, as the primary basis for valuing a privately held company. Valuers who use public-market data instead are working from a different market, one that intermediaries sometimes refuse and courts sometimes reject.
We apply all three valuation approaches required by professional standards: income, market, and asset. Every conclusion is built to hold up under IRS scrutiny and to win the argument in a courtroom, a mediation, or a negotiation, results that stand up where it counts.