Investopedia defines Goodwill as: “an intangible asset that arises as a result of the acquisition of one company by another for a premium value… The amount the ‘buyer’ pays for the target company over the target’s book value usually accounts for the value of the target’s goodwill.”
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By TomThere’s one question that I’m repeatedly asked by business owners considering the sale of their business: “What’s my business worth?” Whether a business owner wants to sell the company right away, or just wants an idea of the value of the company for a future sale, this number is probably going to be significant to the business owner’s family. It’s going to be “significant”, and it’s often lower than expected [or hoped].
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By Tom