Independent Business Valuation Services Australia.
Commercially grounded valuation analysis for business sales, disputes, taxation, succession, restructuring, and transaction-related matters.
At Expert Business Valuations, we provide independent valuation analysis prepared using recognised methodology and professional standards appropriate to the nature and purpose of the engagement, including APES 225 where applicable.
Our focus is not simply on producing a number, but on delivering valuation conclusions that are commercially supportable, analytically grounded, and capable of withstanding scrutiny from advisors, counterparties, regulators, and the Courts.
Request a Scoping Call with a Certified Valuer
The Core Valuation Services
Business Valuation for Sale
Know your number before entering the market.
- Transferable value assessment
- Earnings quality review
- Owner dependency analysis
- Transaction readiness
Family Law Valuations
Independent business valuations for property settlement matters.
- Single Expert Witness matters
- Goodwill assessment
- Property settlement matters
- Dispute-related valuation analysis
Shareholder Dispute Valuations
Commercially supportable valuations for disputed ownership matters.
- Shareholder disputes
- Partnership separations
- Minority interest matters
- Commercial litigation support
Succession Planning Valuations
Support ownership transition with clarity and structure.
- Family succession planning
- Management buy-outs
- Shareholder transitions
- Retirement and exit planning
Tax, CGT & Restructuring Valuations
Independent valuation analysis for taxation and compliance matters.
- CGT events
- Business restructures
- Related-party transactions
- SMSF and Division 7A matters
Intangible Asset Valuations
Valuation analysis for intellectual property and non-physical assets.
- Software and SaaS platforms
- Brands and trademarks
- Customer relationships
- Goodwill and licensing rights
Types of Valuation Engagements — Which One Do I Need?
Business Appraisal
Early-stage planning & internal reference.
A high-level indicative assessment typically used for preliminary discussions, planning, or internal decision-making where a formal valuation report is not required.
Estimate of Value (EOV)
Commercially focused valuation guidance.
A more structured limited scope assessment prepared using agreed procedures, financial analysis, and specific assumptions where a full formal valuation may not be required.
Formal Valuation Report
Taxation, disputes & formal matters.
A comprehensive valuation engagement prepared using recognised methodology and professional standards, including APES 225 where appropriate.
Special Purpose Engagements
Complex or specialised valuation matters.
Tailored engagements for expert witness matters, forensic reviews, report critiques, transaction advisory, intangible assets, and complex valuation scenarios.
Why a ‘Market Appraisal’ May Differ from a ‘Formal Valuation’
In many business sale environments, there can be a commercial incentive to provide optimistic market appraisals designed to secure a listing or engagement.
A market appraisal prepared by a business broker, intermediary, or real estate agent may provide a broad indication of potential market pricing; however, it may not involve the same level of financial investigation, earnings normalisation, risk assessment, or formal valuation methodology as an independent valuation engagement.
A formal business valuation is designed to provide a commercially supportable assessment of value based on the specific financial, operational, and risk characteristics of the business being assessed.
Professional Business Valuation - Not Just an Estimate
Expert Business Valuations operates as a dedicated valuation and advisory practice independent of the transaction process itself.
Our role is to provide analytically grounded and commercially supportable valuation advice based on financial analysis, recognised methodology, and practical market insight — not to provide optimistic pricing estimates designed to secure an engagement.
We focus on delivering transparent, evidence-based valuation outcomes tailored to the specific characteristics, risks, and commercial realities of each business.
Expert Business Valuations is a specialised Australian business valuation and advisory practice focused on SME and lower mid-market engagements.
Our work spans:
- Business valuations
- Shareholder disputes
- Family law matters
- Transaction advisory
- Exit and succession planning
- Strategic valuation analysis
- Litigation and expert-related engagements
We focus on delivering valuation outcomes that are:
- Analytically grounded
- Commercially supportable
- Evidence-based
- Aligned with recognised professional standards
Why Certainty Matters
10+
Years of Combined Valuation and Australian M&A Experience.
500+
Reports delivered for High-Stakes Transactions.
100%
Compliance with APES 225 and International Valuation Standards (IVS).
Don’t Leave Your Value to Chance.
If you are facing a transaction, dispute, or compliance matter, you need valuation analysis grounded in evidence — not assumption.
Our Valuation Framework
Our valuation process is designed to provide commercially supportable valuation analysis grounded in financial evidence, risk assessment, and recognised valuation methodology.
Depending on the nature of the engagement, this may involve assessment of:
- maintainable earnings and cash flow
- business-specific risk factors
- market and industry conditions
- balance sheet and working capital considerations
- market evidence and transaction benchmarking
- operational structure and owner dependency
Valuation engagements are prepared using recognised valuation methodology and professional standards appropriate to the engagement, including APES 225 and IVS where applicable.
Phase 1: Scoping & Engagement Type
We begin by defining the purpose of the engagement, the relevant Date of Value, and the appropriate scope of work based on the intended commercial or regulatory use.
Phase 2: Fundamental Analysis & Earnings Normalisation
We analyse historical financial performance and assess maintainable earnings through the review and normalisation of discretionary, non-recurring, or non-commercial items where appropriate.
Phase 3: Risk Profiling & Methodology Selection
We assess the operational, financial, and commercial characteristics of the business to determine the appropriate valuation methodology, discount rate, capitalisation rate, or implied market multiple.
Phase 4: Market Validation and Technical Review
Valuation conclusions are cross-checked against relevant market evidence, transaction benchmarks, and broader commercial data before undergoing internal technical review.
Valuation Methodologies
How Business Value Is Typically Assessed (Simply Explained)
Depending on the nature of the business, the purpose of the engagement, and the available information, we may apply one or more recognised valuation approaches.
In many engagements, multiple approaches may be considered or cross-checked to ensure the valuation conclusion remains commercially supportable.
Method A - Income Approach
Typically used for profitable operating businesses where maintainable earnings, cash flow sustainability, and future economic benefit are key drivers of value.
Method B: Asset Approach
Often relevant for asset-intensive entities, holding companies, or businesses where the underlying net asset position is a key determinant of value.
Method C: Market Approach
Considers market evidence, transaction benchmarking, and pricing multiples relevant to the industry, size, and risk profile of the business.
About Us & APES 225
Meet the Lead Valuer
Daniel Callegari is a certified business valuer, licensed business broker, and licensed estate agent specialising in business valuation, mergers and acquisitions, transaction advisory, and dispute-related valuation matters across the Australian SME and mid-market sector.
With more than 10 years of experience across valuation and live transaction environments, Daniel has advised business owners, buyers, shareholders, accountants, and legal representatives across a broad range of commercial matters.
Daniel holds a Bachelor of Business and a Master of Applied Finance and is the Principal Valuer of Expert Business Valuations and Managing Director of Expert Business.
His combined experience across valuation and active transaction environments provides practical insight into how businesses are assessed in real-world commercial settings.
- Email: Valuations@expertbusiness.com.au
- LinkedIn: Profile
Go to About Us Page to learn more.
Professional Standards & Methodology
Valuation engagements are prepared using recognised valuation methodology and professional standards appropriate to the nature and purpose of the engagement, including APES 225 where applicable.
Daniel Callegari – Lead Valuer & Principal
Master of Applied Finance
Bachelor of Business
Licensed Business Broker & M&A Advisor
Certified Value Builder Advisor
Agency Principal & Principal Valuer
Frequently Asked Questions: Business Valuation Services Australia
A market appraisal is generally an indicative estimate prepared for sales or marketing purposes. A formal business valuation involves detailed financial analysis, assessment of risk, selection of appropriate valuation methodology, and supporting evidentiary reasoning.
Formal valuation reports are typically prepared for matters such as:
APES 225 establishes the professional and ethical framework applicable to valuation services performed by suitably qualified valuation professionals in Australia.
The standard addresses matters such as:
- independence and objectivity
- methodology selection
- evidentiary support
- disclosure requirements
- professional reporting standards
In formal valuation matters, reports prepared using recognised professional standards are generally better positioned to withstand scrutiny from accountants, advisors, regulators, auditors, counterparties, and the Courts where applicable.
The timeframe will depend on the complexity of the business, the purpose of the engagement, and the availability of financial information.
For many standard business valuation engagements, the process may take approximately 10–15 business days from receipt of the required information and instructions.
More complex matters — including litigation, shareholder disputes, forensic review assignments, or multi-entity structures — may require additional time.
The information required will depend on the nature of the business and the purpose of the engagement.
Commonly requested information may include:
- historical financial statements
- tax returns
- management accounts
- balance sheet information
- aged receivables and payables
- details of discretionary or non-recurring expenses
- shareholder or related-party information where relevant
Additional operational, industry, or legal information may also be requested depending on the scope of the engagement.
In a professional valuation engagement, discount rates, capitalisation rates, and valuation multiples are determined based on the specific risk profile and commercial characteristics of the business being assessed — not by applying generic “rules of thumb” alone.
Our analysis may include consideration of:
- earnings quality and consistency
- owner dependency
- customer concentration
- management depth
- working capital requirements
- industry conditions and outlook
- size and marketability considerations
- operational and financial risk factors
Where relevant, market transaction data and industry benchmarking may also be considered as supporting evidence and reasonableness checks alongside the primary valuation analysis.
Ultimately, the selected methodology and assumptions must arrive at a valuation conclusion that is commercially supportable within the context of the specific business and the purpose of the engagement.
Potentially, yes — however the appropriate valuation approach, standard of value, and scope of analysis may differ depending on the purpose of the engagement.
For example:
- ATO and taxation-related matters may require assessment of Market Value in accordance with relevant legislation or professional standards.
- Transaction-related matters may involve consideration of strategic, investment, or commercial value drivers relevant to a specific purchaser or market context.
Where appropriate, valuation engagements can often be structured to address multiple purposes, provided this is identified at the commencement of the engagement.
EBITDA normalisation is the process of adjusting the financial statements to assess the underlying maintainable earnings of the business on a commercial basis.
This may involve adjusting for:
- discretionary or personal expenses
- one-off or abnormal items
- non-market remuneration
- related-party transactions
- non-operating income or expenses
The objective is to determine the maintainable earnings capacity of the business to support a commercially supportable valuation conclusion.
Where required, valuation engagements can be prepared for litigation, family law, shareholder disputes, and expert witness matters using recognised valuation methodology and professional standards applicable to the engagement.
Depending on the nature of the matter, reports may be prepared in accordance with:
- APES 225
- Expert Witness Codes of Conduct
- applicable Court or procedural requirements
Where necessary, we may also provide expert conferencing, joint expert discussions, mediation support, or Court attendance relating to the engagement.
Goodwill is generally assessed by analysing the extent to which the business generates earnings above a reasonable return on its underlying assets.
Depending on the nature of the business and the purpose of the engagement, consideration may also be given to:
- maintainable earnings
- transferability of earnings
- owner dependency
- enterprise goodwill versus personal goodwill
- market evidence and comparable transactions
The objective is to assess the extent to which the goodwill of the business is commercially transferable to a hypothetical purchaser.
Valuation fees will depend on factors such as:
- the complexity of the business
- the purpose of the engagement
- the scope of analysis required
- the quality and availability of financial information
- whether the matter involves litigation, taxation, or dispute-related considerations
Following an initial scoping discussion, we provide a transparent fixed-fee proposal outlining the scope of work, engagement type, and estimated timeframe.
Obtain Clarity Before Critical Decisions Are Made.
Whether you are preparing for a transaction, dispute, restructuring, or strategic decision, obtaining an independent and commercially supportable valuation can provide clarity, reduce uncertainty, and assist in moving discussions forward with confidence.
100% Confidential. No obligation. Direct access to a lead valuer.