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BOVL, Business Valuations & Transaction Support

Broker Opinion of Value Letters, CPA-led valuation support, business assessments, tax assessments, and related transaction-readiness services.

Broker Opinion Letter (BOVL) vs. Business Valuation

909Brokers offers practical valuation-support options for owners, buyers, brokers, lenders, advisors, partners, and referral sources. A BOVL is fast, useful, and inexpensive. A complete business valuation is deeper, slower, and more rigorous.

For exclusive business listings, 909Brokers may prepare a signed BOVL, or a seller, buyer, partner, lender, estate, advisor, or transaction party may order one directly. A complete business valuation can also be performed upon request. A BOVL differs from a complete business valuation because it is based primarily on seller-provided information and broker judgment, without the same depth of third-party validations, CPA review, verified comparables, or tax analysis.

The purpose of a BOVL is to help determine a practical asking-price range and support early negotiation. It is designed to be quick, useful, and discussion-oriented, not a substitute for full CPA-led valuation, audited diligence, legal advice, tax advice, or lender underwriting.

CPA Valuation

$4,999

CPA-led valuation support for LOIs, lender review, estate, buyout, and diligence scenarios. Requires seller-provided financials.

Typical timing: 1–2 weeks.

Tax Assessment

Quote

LLM tax-attorney-led transaction review with outside advisor coordination for more complex buyer/seller transactions.

Typical range: $3,000–$50,000.

Sample BOVL Deliverable

A sample PDF is available at /sample.pdf. It shows the type of practical deliverable a buyer or seller may receive for the $499 BOVL service.

View Sample BOVL

Comparison: BOVL vs. Business Valuation

ItemBOVL / Opinion LetterCPA-Led Business Valuation
Primary UseEarly asking-price discussion, seller planning, buyer/seller negotiation, pre-LOI supportLOI support, lender review, estate, buyout, diligence, more formal decision support
Time to Complete2–5 days1–4 weeks depending on data quality and scope
Approximate Cost$499$4,999+ depending on scope
Deliverable1-page practical letter5–10+ page report or deeper supporting package
Comparative Sales / CompsAs needed3+ verified where available
Outbound Calls / Fact CheckingAs needed10+ verification points where applicable
Business Broker TimeApprox. 5 hoursApprox. 20 hours
CPA TimeN/AApprox. 5 hours
Attorney / Tax Advisor TimeN/AMay be included or added depending on scope

Documents and Data Commonly Needed

Input / DocumentBOVLCPA ValuationTax Assessment
909Brokers Listing Worksheet
909Brokers Due Diligence ChecklistHelpful
Profit & Loss StatementsSeller-provided
Balance SheetHelpful
Tax Returns - Last 3 YearsHelpful
3rd Party FMV of FF&EOptional
3rd Party FMV of InventoryOptional
Owner Perks / Addbacks / Non-Recurring ExpensesSeller-providedVerifiedReviewed
Goodwill and Other IntangiblesBroker estimateReviewedReviewed
Legal / Tax Structure Review×Limited

How the Process Works

Submit Inquiry

Contact 909Brokers and select BOVL, valuation, assessment, or tax review.

Data Dump

We explain how to provide documents and financial data through the appropriate confidential channel.

Review

A broker, CPA, consultant, or tax professional reviews the supplied data depending on service level.

Deliverable

You receive a practical written deliverable intended to support discussion, planning, negotiation, or diligence.

Frequently Asked Questions

Is a BOVL a valuation?

A BOVL is an opinion of value and an approximation of fair market value using fewer data points than a full CPA-led business valuation. It is useful for early discussion, asking-price planning, and buyer/seller alignment. It is not an audit, appraisal, legal opinion, tax opinion, or formal lender-grade valuation.

How quickly can I get a BOVL?

Typical turnaround is 2–5 days after sufficient information is provided. Better data produces a better opinion.

Who pays for it?

Pre-LOI, the seller commonly pays for a BOVL to help establish asking price. Upon LOI, 909Brokers often suggests a 50/50 buyer/seller split for deeper CPA-led valuation support.

Why order a BOVL before LOI?

Many deals fail because expectations are not aligned. A fast third-party opinion can save time, improve pricing discipline, identify missing data, and reduce confusion before deeper due diligence begins.

Order a BOVL / Valuation Support Back to Pricing Section #2

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