Top Ranked
Business Appraisal Firms

Why These
Business Appraisal Firms?

Last Updated May, 20, 2021

Wimgo uses a multi-phase selection process beginning with a holistic review by our data team to check any red flags or unresolved complaints. It then selects its curated list using its expert review team on five main criteria listed below, assigning them numerical values. Finally, it selected the top 20 Business Appraisal Firms for Chicago, il.


Reputation

Analysis of all reviews across verifiable platforms to determine overall sentiment.

Expertise

Team experience and knowledge, along with number of years in business.

Service Quality

The quality of service delivered measured by quality, speed, and value.

Consistency

Rate at which the business consistently produce high quality outcomes.

Customer Service

Reputation and quality of customer experience departments.

Top Business Appraisal Firms in Chicago - 2021

Gibraltar Business Valuations

At Gibraltar Business Valuations, they have experience in business valuation and business success. They keep their finger on the pulse of a wide range of businesses and economies. They handle your rules with a dynamic, custom approach that upholds the integrity of the different aspects of your business. They implement creative, effective strategies as they advise you from start to finish.

Reputation
5/5
Expertise
4/5
Service Quality
5/5
Consistency
4/5
Customer Service
4/5
4.4
out of 5
5/5 | 44 Reviews

Selden Fox

Managing a business takes spirit, and determination, wherever you are on the journey. Having the right financial advisor to assist leverage opportunities and navigate the tax, audit, accounting, and other challenges is important. That’s why Chicago CPA agency, Selden Fox, assists business owners to reach their financial objectives through the right mix of practical advice, guidance, and solutions.

Reputation
5/5
Expertise
5/5
Service Quality
5/5
Consistency
4/5
Customer Service
5/5
4.8
out of 5
5/5 | 49 Reviews

Business Valuation Specialists LL

The certified specialist at Business Valuation Specialists are experts in the field and have provided hundreds of valuations for businesses of all levels across a broad range of industries. Their valuations are greatly researched and reasoned. Their professionals understand that every business is unique to its particular market, the experience of its management, economic influences, competitive environment, and fiscal history.

Reputation
5/5
Expertise
5/5
Service Quality
4/5
Consistency
5/5
Customer Service
5/5
4.8
out of 5
4/5 | 38 Reviews

Warady & Davis LLP

Warady and Davis LLP a Top 25 Chicago CPA company and a Great Lakes Regional Leader offers the commitment, services, knowledge, and resources you require to take your company and personal finances to the next point with confidence. offers a full range of audit, accounting, tax, and consulting assistance and solutions to privately-held companies, high net-worth individuals, and owners.

Reputation
5/5
Expertise
5/5
Service Quality
5/5
Consistency
4/5
Customer Service
5/5
4.8
out of 5
4/5 | 41 Reviews

Chicago Commercia Appraisal

Ever higher property taxes develop a nagging fear among property owners that Chicago Commercial Appraisal will be unable to meet payroll, pay their bills, or potentially even lose their property or business. They empathize with struggling customers who are simply trying to preserve the viability of their operations. Their property appraisals can support the save your money and grow business.

Reputation
5/5
Expertise
5/5
Service Quality
4/5
Consistency
4/5
Customer Service
4/5
4.4
out of 5
5/5 | 46 Reviews

Valbridge Property Advisor

Valbridge Property Advisors is the highest independent commercial property valuation and advisory assistance company in the U.S., with 200 MAI-designated appraisers, 78 office-based, and more than 675 staff across the United State. Valbridge offers independent appraisal assistance consistent with the largest industry standards of practice. Every Valbridge office is led by an appraiser who holds the MAI designation of the Appraisal Institute.

Reputation
5/5
Expertise
4/5
Service Quality
4/5
Consistency
4/5
Customer Service
5/5
4.4
out of 5
5/5 | 23 Reviews

Chicagoland Appraisals

Chicagoland Appraisals is a residential real estate appraisal business that expertise in Divorce Appraisals, Estate Tax or Date of Death Appraisals, Gift Tax Appraisals, FSBO Appraisals, Condo Deconversion Appraisals, Property Tax Appeals, Cash Buyer Appraisals and more. They pride themselves in very great quality appraisals as they know this is an important time in your life.

Reputation
4/5
Expertise
5/5
Service Quality
5/5
Consistency
5/5
Customer Service
4/5
4.6
out of 5
5/5 | 17 Reviews

Polach Appraisal Group, Inc

Polach Appraisal Group, Incorporated was established in 1994 by Kenneth F. Polach, MAI, SRA. Polach Appraisal Group, Incorporated is a real estate appraisal company experincing in commercial, industrial, residential and special purpose property real estate valuation as well as specilist witness and litigation, arbitration, appeal appraisals, and real estate analysis and consulting.

Reputation
4/5
Expertise
4/5
Service Quality
4/5
Consistency
4/5
Customer Service
5/5
4.2
out of 5
4/5 | 13 Reviews

Kelly Appraisal Consultants, Inc

Kelly Appraisal Consultants, Inc. is an industrial and commercial real estate appraisal company located in the Lincoln Park area of Chicago, Illinois. Patrick M. Kelly, the establishing member of the business, has been an MAI-certified appraiser since 1983. The MAI designation is granted by the internationally known Appraisal Institute.

Reputation
5/5
Expertise
5/5
Service Quality
5/5
Consistency
4/5
Customer Service
5/5
4.8
out of 5
4/5 | 49 Reviews

LASALLE APPRAISAL GROUP, INC

Joseph M. Ryan, MAI, established LaSalle Appraisal Group, Inc. in 1991 as a commercial real estate appraisal company. Since establishing LaSalle Mr. Ryan has helped attorneys, tax consultants, lenders, corporations and governments with a wide range of appraisal assistance. In addition to commercial property appraisals, Joseph is a seasoned commercial estate consultant.

Reputation
4/5
Expertise
5/5
Service Quality
4/5
Consistency
4/5
Customer Service
5/5
4.4
out of 5
4/5 | 27 Reviews

Porte Brown LLC

Porte Brown LLC is a full-service accounting and consulting company headquarter located in the Chicago suburb of Elk Grove Village, Illinois. In addition to traditional accounting assistance, such as tax strategy and preparation, audit, business valuations, and retirement plan administration, Porte Brown also offers strategic consulting and leading-edge tech implementation for customers in cloud and non-cloud environments.

Reputation
4/5
Expertise
5/5
Service Quality
4/5
Consistency
5/5
Customer Service
4/5
4.4
out of 5
4/5 | 10 Reviews

Praedium Valuation Group

Praedium Valuation Group is dedicated to designing long-term relationships with their best-in-class customers. Praedium maintains these relationships by offering superior-quality appraisals, exceptional customer service, and the largest level of professionalism. Customers include developers, title businesses, mortgage lenders, attorneys, and public agencies, as well as corporate and institutional investors and owners.

Reputation
5/5
Expertise
5/5
Service Quality
4/5
Consistency
4/5
Customer Service
5/5
4.6
out of 5
4/5 | 19 Reviews

NPV Advisors

NPV Advisors is one of the highest independent commercial real estate valuation and advisory companies in the nation. Their company is recognized as a premier advisor to private investors, institutional organizations, and lenders. They work nationwide and offer a full range of real estate appraisal and counseling assistance for all property types.

Reputation
5/5
Expertise
5/5
Service Quality
4/5
Consistency
5/5
Customer Service
5/5
4.8
out of 5
4/5 | 2 Reviews

Hilco Valuation Services

Hilco Valuation Services is one of the globe’s highest and most diversified company asset appraisers and valuation advisors. It would be hard to name an industry that they have not served, an asset sector they have not appraised, nor a valuation assistance they have not provided.

Reputation
4/5
Expertise
5/5
Service Quality
5/5
Consistency
4/5
Customer Service
5/5
4.6
out of 5
5/5 | 38 Reviews

Equipment Appraisal Services

Equipment Appraisal Services provides accredited/certified appraisals for all types of machinery and equipment nationwide as well as overseas. Spanning all industries and market categories for any task and purpose, their results are accredited through the American Society of Appraisers and are compliant with the Uniform Standards of Professional Appraisal Practice.

Reputation
5/5
Expertise
5/5
Service Quality
4/5
Consistency
5/5
Customer Service
4/5
4.6
out of 5
5/5 | 22 Reviews

Nottage and Ward, LLP

The best divorce lawyer expertise only family law nothing other. Nottage and Ward, LLP focus exclusively on family law. Since 1988, Nottage and Ward, LLP has experienced negotiation and litigation of difficult family law matters. They have expert the art of the tactics of persuasion, communication, and the skills of pre-trial strategy.

Reputation
5/5
Expertise
4/5
Service Quality
5/5
Consistency
5/5
Customer Service
5/5
4.8
out of 5
5/5 | 1 Reviews

Feinberg Sharma

FEINBERG SHARMA, P.C. is a renowned divorce and family law firm helping Chicagoland and its surrounding counties. They are masters at their profession and experts in their chosen field, set apart by the lasting success of their members. The hallmark of each of their lawyers is their intrinsic motivation and extrinsic compassion.

Reputation
5/5
Expertise
4/5
Service Quality
5/5
Consistency
4/5
Customer Service
5/5
4.6
out of 5
5/5 | 7 Reviews

Standard Valuation Services

Established in 2013, Standard Valuation Services is an industry-leading commercial real estate valuation consulting organization develop on long-lasting customer relationships and outcome that add value to every partnership. Standard Valuation Services was given his MAI Designation by the Appraisal Institute in May 2020 and became an Accredited Senior Appraiser, given by the American Society of Appraisers, in July 2020.

Reputation
4/5
Expertise
4/5
Service Quality
4/5
Consistency
5/5
Customer Service
5/5
4.4
out of 5
4/5 | 50 Reviews

Rick Hiton and Associates

Hilton’s education at the University of Illinois particularly in the fundamentals of real estate, urban economics, investment analysis, and valuation theory Hilton’s went on to grow real-world expertise as a real estate appraiser and lending officer. In 1981, he started Rick Hiton & Associates and started himself as a local expert in appraisals, real estate tax assessments, portfolio assessments,

Reputation
5/5
Expertise
5/5
Service Quality
4/5
Consistency
4/5
Customer Service
4/5
4.4
out of 5
5/5 | 13 Reviews

Marcum LLP.

Marcum is agreed to sharing the good information available about coronavirus (COVID-19) with their customer and friends throughout this time. Visit the Marcum Coronavirus Resource Center for up-to-the-minute thought guidance from their Marcum partners for you and your work. Marcum LLP gives a full spectrum of traditional tax, accounting, and assurance assistance; financial, risk, and transaction advisory assistance.

Reputation
5/5
Expertise
5/5
Service Quality
5/5
Consistency
5/5
Customer Service
4/5
4.8
out of 5
5/5 | 9 Reviews

Expert Answers To Common Questions:

  1. How long does a business valuation usually take?
  2. How much business valuation do I need?
  3. How much does a business valuation cost?
  4. Will any business valuation expert that I hire produce the same result?
  5. What is the Market Approach to business valuation?
  6. What is a business valuation approach?
  7. What types of value are used in business valuation?
How long does a business valuation usually take?

There are quite a lot of factors to consider when discussing how long a business valuation could take. These factors such as the number of adjustments made, the client’s availability, the existence of client advisors, the size and structure of the firm, and of course the availability of financial information could make a business valuation take as little as a month or as long as months. The majority of valuation firms, however, provide their clients with a report in about 3 to 6 weeks. Nevertheless, if an organisation requires an urgent valuation an exception can be made.

How much business valuation do I need?

Depending on your type of business and its size, a formal valuation report might not be necessary. This is especially true if your business is valued at less than $500,000

How much does a business valuation cost?

The actual cost of a business valuation typically depends on the type of business being valued, as well as the extent of the valuations. Most business valuation services have a free or low priced valuation tier of the most basic valuations, while the most detailed and informative business valuation can cost anything from $1000 to $10,000.

Will any business valuation expert that I hire produce the same result?

While most people erroneously believe that business valuation services are a commodity that can yield identical results regardless of which business valuation expert is handling the process, experience and training can matter a great deal. Other factors that affect the result given by a business valuation expert has to deal with just how in-depth the analysis is, and the scope of the research conducted. Every one of these factors and more can make the business valuation result vary from one business valuation expert to another.

What is the Market Approach to business valuation?

This approach to business valuation aims to create a value of the business by comparing it to similar ones that were recently bought. The idea can be likened to that use in real estate comps to place a value on a house. Nevertheless, this method only works if there is a sufficient amount of similarly linked businesses to create a comparison.

What is a business valuation approach?

A business valuation can be a great method to determine what the economic value of a business is. This valuation can be for the following situations:

  • If the business needs to be sold due to divorce, health, retirement, or family reasons
  • If there is equity or debt financing requirements for expansion or as a result of cash flow issues
  • If additional shareholders are being added. The share value will have to be determined.

Regardless of the reason, a business valuation can help set the appropriate price of a business.
Asset-based approaches
This is essentially a valuation that adds up all the investments in a company. It can typically be done one of two ways:

A liquidation asset-based approach to help determine the liquidation value or the net cash that can be received if the liabilities are paid off and the assets are sold

A going concern asset-based approach which takes an overview at the business’s balance sheet lists its assets while subtracting its total liabilities to arrive at what is known as book value.
Earning value approaches
An earning value approach is typically founded on the idea that a company’s value lies in its wealth-producing capability.

CPE or capitalising past earnings helps to determine what the expected cash flow level for the organisation is using its record of previous earnings. It will also normalise this record for unusual expenses or revenue multiplying the estimated normalised cash flow using a capitalisation factor. It is the hope that the capitalisation factor helps to reflect the rate of return a purchaser can expect on that investment as well as a measure of the risk taken should the expected earnings not come to fruition.

DFE or discounted future earnings is a different earning value approach to business valuation. What makes it different is that rather than an average of past earnings, the concentration on the average trend of predicted future earnings is divided by the capitalisation factor.
Market value approach
This approach to business valuation aims to create a value of the business by comparing it to similar ones that were recently bought. The idea can be likened to that use in real estate comps to place a value on a house. Nevertheless, this method only works if there is a sufficient amount of similarly linked businesses to create a comparison.

What types of value are used in business valuation?

Fair Market Value
This value is usually defined as the price a business can seamlessly change hands from a willing seller to a willing buyer if the seller is under no compulsion to sell, the buyer is under no compulsion to buy and both parties have a reasonable knowledge of the important facts.
Fair Value
This value is a statutory standard which is typically used in court cases involving nonconforming shareholders, divorce, shareholder oppression, and any other litigation. Its application and definition tend to vary depending on the legal jurisdiction and the case.
Investment Value
This value is peculiar to an investor or buyer based on their particular expectations and investment requirements. It might also consider expected synergies should businesses become combined. This investment value is typically used in acquisitions and mergers.