Definition : Fonds of commerce

A start-up's goodwill includes all the elements that make up its business, whether tangible or intangible.

How to estimate the goodwill of a start-up ?

The sectors of activity being varied, all start-ups operate in a different field. The different valuation methods used will therefore be adapted to each start-up.

Unlike other companies such as VSEs and SMEs, a start-up has no financial history to rely on. The valuation methods used will therefore be based on the estimated business plan and the presumed evolution. 

Nevertheless, non-financial elements will be taken into account such as the team, the market, the competition,...

Why evaluate your start-up business?

For a start-up, the valuation of the business is usually done in the context of a search for bank financing, fund raising or participation in a competition for a grant. 

You wish to have your start-up business evaluated, do not hesitate to contact one of our experts: contact a XVAL consultant.