1. Business Valuation Report Sample
Subject Business Name: Sample
The Purpose
The purpose of this report is to estimate the Fair Market Value of
Subject Business. The term "fair market value" is generally defined
as the price which property will bring when it is offered for sale by
one who is willing, but not obligated to sell, and is bought by one
who is willing or desires to purchase, but is not compelled to do so.
The Scope
The scope of the valuation was limited to the data submitted by the
business' representative and the representative's rating of the
subject business on the seven Business Risk Categories shown on page
4. All information presented in this report is the responsibility of
the client. The information has not been audited or independently
verified.
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The Methodology
Biz-Investor uses a proprietary valuation process to calculate a
business’ value. Please refer to the Disclaimer on Page 5 for more
information.

2. The estimated value of Sample is $ 20,000
Estimated Value $ 20,000
Estimated Value $20,000
$- $5,000 $10,000 $15,000 $20,000 $25,000
Estimated Value Range
Estimated Value Range
$30,000
High Value:
1 $20,000
Estimated Value:
$10,000
Low Value:
Low Value: $ 10,000
$- $5,00 $10,0
Estimated Value: $ $15,0 $20,0
20,000 $25,0 $30,0 $35,0
0 00 $ 00 (in thousands)
High Value: 30,000 00 00 00 00
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This report was prepared by Biz-Investor see disclaimer on page 5.

3. Financial Data for Sample (in thousands)
This report was prepared by Biz-Investor see disclaimer on page 5.
Page 3 authenticity # 00.00.00
Summary Income Statement (in thousands)
Fiscal Year Ending 2003 2004
Gross Sales/Revenue $ - $ -
Total Costs and Expenses $ - $ -
Net Profit $ - $ -
Calculation of Discretionary Cash Flow (in thousands)
Net Profit $ - $ -
Plus:
Depreciation $ - $ -
Amortization $ - $ -
Interest Expense $ - $ -
Owner's Salary $ - $ -
Owner's Discretionary Expenses $ - $ -
Non-Recurring Expenses $ - $ -
Less:
Owner's Replacement Salary $ - $ -
Non-Recurring Income $ - $ -
Total Discretionary Cash Flow $ - $ -
Calculation Of Value :
Estimated Value of Equity $ -
Plus: Inventory $ -
Real Estate Owned $ -
Less: Liabilities $ -
Calculated Value $ -

4. Risk Assessment for Sample
The RISK ASSESSMENT is a device used to assist in the valuation of a
business. The assessment is designed to determine the Company's Risk
Level based on inside and outside factors. The preparer, using the
Risk Assessment, rates the business entity being valued on ten
business factors. Each business factor is assigned a value from 1 to
5 depending upon the business' individual circumstances. In general,
lower responses (0, 1 or 2) tend to identify items that will
negatively impact a business' value. Higher responses (3, 4 or 5)
identify items that will positively impact a business' value. Each
business factor is weighted equally as to its impact on the overall
value of the business entity to determine the average shown.
This company's average risk rating is: 2.6
At this risk level, the company is typically characterized by:
ABCDE
This report was prepared using Biz-Investor see disclaimer on page 5.
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Risk Category Assigned Rating
Risk Monitor
CUSTOMER LOYALTY 4.4
CUSTOMER MAKEUP 2.0 CUSTOMER
VENDOR MAKEUP 2.0
LOYALTY
5.0
BUSINESS APPEAL 2.0 4.0
INDUSTRY CUSTOMER
BUSINESS MANAGEMENT 2.6 3.0
TRENDS MAKEUP
EQUIPMENT INVESTMENT 2.4 2.0
INDUSTRY TRENDS 2.0 1.0
0.0
EQUIPMENT VENDOR
INVESTMENT MAKEUP
BUSINESS BUSINESS
MANAGEMENT APPEAL
DISCLAIMER FIELD. The objective of this Valuation Report is to estimate
the Fair Market Value of the entity named above. To accomplish this
objective, financial data and other subjective estimates were collected
from the client. Multiple valuation techniques were applied to the data to
determine a possible range of values for the entity. Then a specific value

5. DISCLAIMER FIELD. The objective of this Valuation Report is to estimate
the Fair Market Value of the entity named above. To accomplish this
objective, financial data and other subjective estimates were collected
from the client. Multiple valuation techniques were applied to the data to
determine a possible range of values for the entity. Then a specific value
within the possible range was estimated based upon a Risk Assessment
performed by the user/client.
The value calculated is only an estimate. The actual amount that the
business would sell for in an open market transaction may be considerably
higher or lower and depends upon many factors not considered in this
report. Do not enter into any business transaction solely based upon
information contained in this report. Consult with your business and
financial advisors. Biz-Investor and Perini Enterprises are not responsible
for any loss, actual or implied, as a result of your reliance on this
report. All information presented in this report is that of the
preparer. There has been no review by Biz-Investor, Perini enterprises, or
any third party professional in the field of business valuations. The
reader of this report should take that into consideration. Verify the
Authenticity # 00.00.00. Each page of this report contains an
AUTHENTICITY number. The reader should verify that the print sequence
number on each page of the report matches. If the print sequence number has
been altered or is different on one or more pages, then the report is VOID
and UNUSABLE.
Page 5 Authenticity # 11.22.33
VALUATION METHODS
There are numerous methods that can be used to determine the value of an
entity, but there is no single widely accepted method. Most methods can be
placed into one of three basic approaches: Cost or Asset Based, Income
Based, or Market Based. This report was prepared using a combination of
methods but excludes the market based approach. Cost or Asset based
approaches value a business based upon the cost to replace the assets of
the business. Income based approaches value a business based upon the
business' ability to generate positive cash flows into the future. Market
based approaches value a business based upon financial ratios and
If checked, this report was prepared on a new business with less than
two years of financial data. The value of a new business can vary
significantly from a similar established business. If checked, this report
was prepared using projected or estimated sales and income information. The
Entity's actual results may differ materially, thus impacting the
calculated valuation.