What the opinion is allowed to say
It can name a working number a file can take to market. Valuation is the pillar. Normalized earnings is the base. About Jason Taken states the credential: business broker, not appraiser. Partner buyouts, estates, and divorce is where an appraisal often replaces a BOV.
BizBuySell’s manufacturing median on the 2021–2025 sold set was 2.75x SDE (Source: BizBuySell). A BOV may cite that print in the SDE room. It may not pretend the print is an appraisal conclusion.
Call it a marketed range. Do not drop it into a buy-sell that named an appraiser. Do not hand it to an ESOP trustee. Do not stretch a CIM into a sworn report. Lenders on many credits, including 7(a) files inside the 5 million box, still want an appraisal. M&E appraisals are a third document for the iron under OLV, FMV, or FLV.
How it works still wants the recast before anyone writes a range. The appraisal-versus-BOV owner is the process home. About Jason Taken states the credential. This page stays on the opinion noun. Jason Taken is a business broker, not an appraiser.
When a lender still wants an appraisal
On many credits, including files that use SBA 7(a)’s $5 million box (Source: SBA). Census CBP 2023’s 284,452 establishments (Source: Census CBP) do not change who may sign a sworn report.
Call it a marketed range. Do not drop it into a buy-sell that named an appraiser. Do not hand it to an ESOP trustee. Do not stretch a CIM into a sworn report. Lenders on many credits, including 7(a) files inside the 5 million box, still want an appraisal. M&E appraisals are a third document for the iron under OLV, FMV, or FLV. Census counts do not change who may sign a sworn report.
How it works still wants the recast before anyone writes a range. FAQ owns the questions. The appraisal-versus-BOV owner is the process home. Jason Taken is a business broker, not an appraiser.
How to use a BOV without lying
Call it a marketed range. Do not drop it into a buy-sell that named an appraiser. Do not hand it to an ESOP trustee as if it were their valuation.
| Document | Author | Use |
|---|---|---|
| Broker opinion | Business broker | Marketed process |
| Business appraisal | Credentialed appraiser | Court, ESOP, many lenders |
| M&E appraisal | Equipment appraiser | Iron — OLV / FMV / FLV |
When should you ask for an appraisal instead?
When a lender, an ESOP trustee, a court, or a buy-sell agreement names an appraiser. Partner buyouts, estates, and divorce often sit there. A marketed process usually needs a broker opinion first: the cell, the chips, the asset floor. Do not drop a BOV into a document that required a sworn report. Do not hand a BOV to an ESOP trustee as if it were their valuation. Do not stretch a CIM into that report.
Jason Taken is a business broker with HedgeStone. About Jason Taken says so in plain language. How it works still wants the recast before anyone writes a range. FAQ owns the questions. The glossary hands you to the appraisal-versus-BOV owner, then to a confidential intro call.
If a partner or a court already named an appraisal standard, do not offer a broker opinion as a substitute. Offer the right document or step aside. A marketed range is useful. It is not a sworn report. About Jason Taken states the credential so no one has to guess.
A marketed range that ignores the asset floor on a heavy-iron shop is incomplete. Earnings can clear above the iron, or the iron can clear above the earnings. The BOV should say which way the file leans. An M&E appraisal under OLV, FMV, or FLV is the iron document. A business appraisal is the sworn earnings document. This page stays on the marketed opinion. Jason Taken is a business broker, not an appraiser.
Say “marketed range” out loud on the first call so no one walks away thinking they bought an appraisal.
What this page will not do
It will not stretch a CIM into a sworn report. Jason Taken is a business broker. The glossary sends you to the owner. After the noun is straight, book a confidential intro call.