Over the years, our seafood restaurant business has grown to be one of the most popular food stops in our district. When we reached this success, we thought it was the right time to expand. We planned on opening another branch but we were having difficulties looking for a place that is quite affordable. Another challenge that we encountered is the restructuring of the entire business structure. Fortunately, we found a business valuation company who has helped us get through our business woes.
Mergers & Acquisitions
We needed to find a good place in another district to set up our new branch. Good thing, we found one that is located strategically at the centre of the town. The problem was that the asking price of the seller was too high and there were other investors who are interested. It was almost impossible to win the competition. To solve this dilemma, we sought the help of this business valuation company and have them appraise the value of the said building or place.
After a few weeks of thorough assessment, we found out the real value of the place and used this information to convince the sellers. When we scheduled a meeting with the sellers, the financial advisor came with us to help us present the detailed report that their team has made. We were impressed by how they have handled professionally the presentation. Because of this, we won against all the other investors and got the place for a much lower price.
Capital Funding
It was going to be hard to raise funds for the new place so we decided to get extra funds through capital funding. We chose the debt issuance option because we still have some physical assets that can be used as collateral for the bonds. We had the financial advisor assess some of these assets. Thanks to them, we were able to determine what are the assets that are suitable for collaterals. It was now easier to convince the investors that what we are offering is enough guarantee for the bond that they are offering.
Insurance
The final challenge was to get insurance from the banks. Of course, we wanted to save more and avoid much costs when it comes to these expenses. So, what we did was to find a bank that offers low insurance rates. But since we built a huge restaurant, it would be difficult to find one. Commercial restaurants have high fire risks because of the built up grease in the kitchen hood and exhaust.
We were just fortunate to find a reliable business valuation service. With their real estate valuation, they have proven that our restaurant is safe from fire hazards. This means that there is a low risk of fires within the establishment.
We are definitely going to seek business valuation company in Singapore called Twin Pillars. Their business valuation advisories are worth investing for because of the various benefits that we gained from it.
Looking for business valuation services? Check out Twin Pillars now at https://twinpillars.asia!
