---
title: "Question: What Type of Business Evaluation Do You Use?"
description: Join Scott Hislop, President and Owner of Transworld Business Advisors of Minnesota, as he explains business evaluation with different businesses.
image: https://www.tworldnorthstar.com/hubfs/Blog_Images/TWorld-Blog-Image-_0001_What_type_of_business_evaluation.jpg
---

**[![phone](https://www.tworldnorthstar.com/hubfs/2020%20Website/white-phone-solid%20(1).svg "phone")(888) 290-5232](tel:888-%20290-5232)      ![envelope](https://www.tworldnorthstar.com/hubfs/2020%20Website/envelope-solid-white.svg "envelope") [northstar@tworld.com](mailto:northstar@tworld.com)**

[![TRANSWORLD-LOGO-2023-2Color-VF-02](https://www.tworldnorthstar.com/hs-fs/hubfs/Tworld%20Logos/TRANSWORLD-LOGO-2023-2Color-VF-02.png?width=1801&height=600&name=TRANSWORLD-LOGO-2023-2Color-VF-02.png "TRANSWORLD-LOGO-2023-2Color-VF-02")](https://www.tworldnorthstar.com/)

![4 Team members](https://www.tworldnorthstar.com/hs-fs/hubfs/2020%20Website/Imagery/4%20Team%20members.jpeg?width=1350&name=4%20Team%20members.jpeg "4 Team members")

# Transworld Blog

From business brokerage to mergers and acquisitions; we are the business sale specialists.

- [selling a business](https://www.tworldnorthstar.com/blog/topic/selling-a-business)

# [Question: What Type of Business Evaluation Do You Use?](https://www.tworldnorthstar.com/blog/selling-a-business-what-type-of-business-evaluation-do-you-use)

[Read More →](https://www.tworldnorthstar.com/blog/selling-a-business-what-type-of-business-evaluation-do-you-use)

- [buying a business](https://www.tworldnorthstar.com/blog/topic/buying-a-business)
- [selling a business](https://www.tworldnorthstar.com/blog/topic/selling-a-business)
- [For Entrepreneurs](https://www.tworldnorthstar.com/blog/topic/for-entrepreneurs)
- [Case Studies](https://www.tworldnorthstar.com/blog/topic/case-studies)

- [**](https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fwww.tworldnorthstar.com%2Fblog%2Fselling-a-business-what-type-of-business-evaluation-do-you-use)
- [**](https://www.twitter.com/share?url=https%3A%2F%2Fwww.tworldnorthstar.com%2Fblog%2Fselling-a-business-what-type-of-business-evaluation-do-you-use)
- [**](http://www.linkedin.com/shareArticle?mini=true&url=https://www.tworldnorthstar.com/blog/selling-a-business-what-type-of-business-evaluation-do-you-use)

[All Posts](https://www.tworldnorthstar.com/blog)

# Question: What Type of Business Evaluation Do You Use?

- [Tweet](https://twitter.com/share)

Scott Hislop, President and Owner of Transworld Business Advisors of Minnesota, explains business evaluation with different businesses. 

## Highlights:

- When evaluating a business, the type of business is an integral component
- Demand plays a part in the valuation of a business

![Brian Caldwell](https://www.tworldnorthstar.com/hubfs/website_templates/TWMN_2016/blog-thumb-brian.jpg)

###### Brian Caldwell

[Get In Touch](https://www.tworldnorthstar.com/talk-to-advisor)

![](https://cdn2.hubspot.net/hubfs/2029673/Assets/Search_Image.png)

- Recent
- Popular
- Categories

### Lists by Topic

- [buying a business (56)](https://www.tworldnorthstar.com/blog/topic/buying-a-business)
- [selling a business (26)](https://www.tworldnorthstar.com/blog/topic/selling-a-business)
- [For Entrepreneurs (10)](https://www.tworldnorthstar.com/blog/topic/for-entrepreneurs)
- [Business Sale Process (8)](https://www.tworldnorthstar.com/blog/topic/business-sale-process)
- [Financial Related (8)](https://www.tworldnorthstar.com/blog/topic/financial-related)
- [Business Advisor (7)](https://www.tworldnorthstar.com/blog/topic/business-advisor)
- [Business Broker (7)](https://www.tworldnorthstar.com/blog/topic/business-broker)
- [Buy Existing Business (6)](https://www.tworldnorthstar.com/blog/topic/buy-existing-business)
- [business advice (6)](https://www.tworldnorthstar.com/blog/topic/business-advice)
- [Business Services (5)](https://www.tworldnorthstar.com/blog/topic/business-services)
- [Business Valuation (4)](https://www.tworldnorthstar.com/blog/topic/business-valuation)
- [Confidentiality (4)](https://www.tworldnorthstar.com/blog/topic/confidentiality)
- [entrepreneur (4)](https://www.tworldnorthstar.com/blog/topic/entrepreneur)
- [Business sales (3)](https://www.tworldnorthstar.com/blog/topic/business-sales)
- [Case Studies (3)](https://www.tworldnorthstar.com/blog/topic/case-studies)
- [Recent Sales (3)](https://www.tworldnorthstar.com/blog/topic/recent-sales)
- [sell a business (3)](https://www.tworldnorthstar.com/blog/topic/sell-a-business)
- [sellyourbusiness (3)](https://www.tworldnorthstar.com/blog/topic/sellyourbusiness)
- [Business Owner (2)](https://www.tworldnorthstar.com/blog/topic/business-owner)
- [Communications (2)](https://www.tworldnorthstar.com/blog/topic/communications)
- [EOS (2)](https://www.tworldnorthstar.com/blog/topic/eos)
- [Insider (2)](https://www.tworldnorthstar.com/blog/topic/insider)
- [Traction (2)](https://www.tworldnorthstar.com/blog/topic/traction)
- [minnesota state tax (2)](https://www.tworldnorthstar.com/blog/topic/minnesota-state-tax)
- [startup (2)](https://www.tworldnorthstar.com/blog/topic/startup)
- [tax relief (2)](https://www.tworldnorthstar.com/blog/topic/tax-relief)
- [2022 (1)](https://www.tworldnorthstar.com/blog/topic/2022)
- [Animals/Pets (1)](https://www.tworldnorthstar.com/blog/topic/animals-pets)
- [Building Services (1)](https://www.tworldnorthstar.com/blog/topic/building-services)
- [Business Value (1)](https://www.tworldnorthstar.com/blog/topic/business-value)
- [Cares Act (1)](https://www.tworldnorthstar.com/blog/topic/cares-act)
- [Current Market Climate (1)](https://www.tworldnorthstar.com/blog/topic/current-market-climate)
- [Employees (1)](https://www.tworldnorthstar.com/blog/topic/employees)
- [Exit Planning (1)](https://www.tworldnorthstar.com/blog/topic/exit-planning)
- [Goodwill (1)](https://www.tworldnorthstar.com/blog/topic/goodwill)
- [Internet Related (1)](https://www.tworldnorthstar.com/blog/topic/internet-related)
- [Inventory (1)](https://www.tworldnorthstar.com/blog/topic/inventory)
- [Keep business sale confidential (1)](https://www.tworldnorthstar.com/blog/topic/keep-business-sale-confidential)
- [Manufacturing & Distribution (1)](https://www.tworldnorthstar.com/blog/topic/manufacturing-distribution)
- [Negotiations (1)](https://www.tworldnorthstar.com/blog/topic/negotiations)
- [PPP Loan (1)](https://www.tworldnorthstar.com/blog/topic/ppp-loan)
- [Retail (1)](https://www.tworldnorthstar.com/blog/topic/retail)
- [SBA 7a loan (1)](https://www.tworldnorthstar.com/blog/topic/sba-7a-loan)
- [Service (1)](https://www.tworldnorthstar.com/blog/topic/service)
- [Training (1)](https://www.tworldnorthstar.com/blog/topic/training)
- [Turn Key (1)](https://www.tworldnorthstar.com/blog/topic/turn-key)
- [Working Capital (1)](https://www.tworldnorthstar.com/blog/topic/working-capital)
- [business trends (1)](https://www.tworldnorthstar.com/blog/topic/business-trends)
- [commercial real estate (1)](https://www.tworldnorthstar.com/blog/topic/commercial-real-estate)
- [financing business sale (1)](https://www.tworldnorthstar.com/blog/topic/financing-business-sale)
- [seasonal business (1)](https://www.tworldnorthstar.com/blog/topic/seasonal-business)
- [sell your business (1)](https://www.tworldnorthstar.com/blog/topic/sell-your-business)

[see all](https://www.tworldnorthstar.com/blog/selling-a-business-what-type-of-business-evaluation-do-you-use#)

## Subscribe and Get The Latest News

## Related Posts

<https://www.tworldnorthstar.com/blog/selling-rv-dealership-in-uncertain-economy>

## [Case Study: Selling a High-End RV Dealership in an Uncertain Economy](https://www.tworldnorthstar.com/blog/selling-rv-dealership-in-uncertain-economy)

Sales Timeline: 18 months List Price: Private The Background Located in the Twin Cities metro, this was not your typical RV lot. Where you might imagine pop-up tent trailers going for $15–20K, the owner and his team specialized in high-end adventure vans, or “Class B” RVs, ranging between $100–200K.

- [Transworld Business Advisors](https://www.tworldnorthstar.com/blog/author/transworld-business-advisors)
- 4 min read
- Jan 11, 2024 3:17:00 PM

<https://www.tworldnorthstar.com/blog/case-study-how-transworld-helped-pwc-sell-their-business-in-7-months>

## [Case Study: How Transworld Helped PWC Sell Their Business in 7 Months](https://www.tworldnorthstar.com/blog/case-study-how-transworld-helped-pwc-sell-their-business-in-7-months)

  Sales Timeline: 7 Months   The Background Professional Wireless Communications. Inc. (PWC) has provided reliable and affordable two-way radio solutions in Minnesota and Iowa for 25 years. The company has a loyal and diverse clientele, from schools and hotels to casinos and stores. Pat and Paula Green, a husband-and-wife duo, started the business from scratch. With Mark, their salesperson and 20% owner, they have built a profitable and reputable enterprise. As they neared retirement, the Greens wanted to sell the company and focus on family. Mark also desired to sell, but remain employed by PWC.

- [Transworld Business Advisors](https://www.tworldnorthstar.com/blog/author/transworld-business-advisors)
- 4 min read
- Aug 24, 2023 9:00:00 AM

<https://www.tworldnorthstar.com/blog/case-study-selling-a-pet-sitting-business-in-less-than-four-months>

## [Case Study: Selling a Pet-Sitting Business in Less Than 4 Months](https://www.tworldnorthstar.com/blog/case-study-selling-a-pet-sitting-business-in-less-than-four-months)

  Sales Timeline: Less than 4 months Sale Price: $320k   The Background Located in the Twin Cities, the owner of Whiskers to Tails Petsitting had proven to be a successful entrepreneur focused on providing care for animals in the home. As a former employee, the owner took over the business in 2019 and successfully operated it through the COVID-19 pandemic.

- [Transworld Business Advisors](https://www.tworldnorthstar.com/blog/author/transworld-business-advisors)
- 5 min read
- Aug 17, 2023 9:00:00 AM

### Your Goals Are Just the Beginning

Talk to one of our Advisors today about next steps.

[![Talk to a Business Advisor](https://no-cache.hubspot.com/cta/default/2268827/c52e257a-7b45-4b7d-b4ef-b8c3e56ed538.png)](https://cta-redirect.hubspot.com/cta/redirect/2268827/c52e257a-7b45-4b7d-b4ef-b8c3e56ed538)

![icon of an enevelope](https://cdn2.hubspot.net/hubfs/3842749/Icons/003-new-email-outline.svg "icon of an enevelope")

E-mail address

#### [northstar@tworld.com](mailTo:northstar@tworld.com)

![icon of a telephone](https://cdn2.hubspot.net/hubfs/3842749/Icons/002-phone-call.svg "icon of a telephone")

Contact us

#### [+(888) 290-5232](tel:+8882905232)

![icon of hands shaking](https://cdn2.hubspot.net/hubfs/3842749/Icons/001-handshake.svg "icon of hands shaking")

Confidential Consultation

#### [Schedule a Meeting](https://www.tworldnorthstar.com/talk-to-a-business-advisor)

[![TRANSWORLD-LOGO-2023-2Color-VF-02](https://www.tworldnorthstar.com/hs-fs/hubfs/Tworld%20Logos/TRANSWORLD-LOGO-2023-2Color-VF-02.png?width=1801&height=600&name=TRANSWORLD-LOGO-2023-2Color-VF-02.png "TRANSWORLD-LOGO-2023-2Color-VF-02")](https://www.tworldnorthstar.com)

Whether you are a business owner looking to sell your company, or represent an acquisition-minded corporation, or are personally interested in owning your own business, we can help you.

 

[3800 American Blvd. W. Suite 760   
Bloomington MN 55431](https://goo.gl/maps/bdZVN6RZ5ed7nZxG6)

 

[110 N. Ankeny Blvd Suite 200  
](https://www.google.com/maps/place/110+N+Ankeny+Blvd+Suite+200,+Ankeny,+IA+50023/@41.7326975,-93.6039916,811m/data=!3m2!1e3!4b1!4m6!3m5!1s0x87ee856d349b8d2f:0x9e38c8814915d77d!8m2!3d41.7326935!4d-93.6014167!16s%2Fg%2F11qg0ym5ws?entry=ttu)

[Ankeny IA 50023](https://www.google.com/maps/place/110+N+Ankeny+Blvd+Suite+200,+Ankeny,+IA+50023/@41.7326975,-93.6039916,811m/data=!3m2!1e3!4b1!4m6!3m5!1s0x87ee856d349b8d2f:0x9e38c8814915d77d!8m2!3d41.7326935!4d-93.6014167!16s%2Fg%2F11qg0ym5ws?entry=ttu)

 

[1720 Harding Ave. ](https://www.google.com/maps/place/1720+Harding+Ave,+Eau+Claire,+WI+54701/@44.8006381,-91.4796791,771m/data=!3m2!1e3!4b1!4m6!3m5!1s0x87f8bc569cc664d5:0x16779aafabe68b9b!8m2!3d44.8006343!4d-91.4771042!16s%2Fg%2F11bw3xcfb9?entry=ttu)

[Eau Claire WI 54701](https://www.google.com/maps/place/1720+Harding+Ave,+Eau+Claire,+WI+54701/@44.8006381,-91.4796791,771m/data=!3m2!1e3!4b1!4m6!3m5!1s0x87f8bc569cc664d5:0x16779aafabe68b9b!8m2!3d44.8006343!4d-91.4771042!16s%2Fg%2F11bw3xcfb9?entry=ttu)

 

##### What We Do

##### Who We Are

© Transworld Business Advisors NorthStar   |  [Privacy Policy](https://www.tworldnorthstar.com/privacy-policy)

[**Facebook](https://www.facebook.com/TworldNorthStar) [**LinkedIn](https://www.linkedin.com/company/transworld-business-advisors-northstar) [**Twitter](https://twitter.com/TworldNorthStar)

```json
{
  "@context" : "https://schema.org",
  "@type" : "VideoObject",
  "contentUrl" : "https://2268827.fs1.hubspotusercontent-na1.net/hubfs/2268827/Videos/What%20Type%20Of%20Business%20Evaluation%20Do%20You%20Use_.mp4",
  "dateModified" : "2022-06-01T00:27:19.086Z",
  "duration" : "PT41S",
  "height" : 1080,
  "name" : "What Type Of Business Evaluation Do You Use_",
  "thumbnailUrl" : "https://api-na1.hubapi.com/filemanager/api/v3/files/thumbnail-redirect/10844761314?portalId=2268827&size=medium",
  "uploadDate" : "2019-06-28T14:35:00.893Z",
  "width" : 1920
}
```