Questions & Answers
What is an Appraisal Report?
We adhere to the Uniform Standards of Professional Appraisal Practice. Real estate appraisers are required to follow these standards. Business appraisers are not. In practice, that means almost anyone can perform a business appraisal. Accredited appraisers, however, produce Appraisal Reports that conform to their accrediting organization's standards. We go through intense education, training, review and ongoing professional education to be sure that we provide you with a report that meets your needs and the requirements of third-party agencies such as the IRS or the SEC. Appraisers use finance, accounting, analytics, research and business knowledge to provide you with an Appraisal Report that clearly states the value of your business and how the appraiser came to that conclusion. We take pride in producing substantiated, clear and concise valuations. If you cannot follow our reasoning or methods, it is not a sufficient Appraisal Report!
How much does an appraisal cost?
There are 3 levels of valuation reports.
Calculation of Value: A quick overview report including a description of the calculation process, for Client use: $7,500
Restricted Use Appraisal Report: A report with more depth research & analysis, also for Client use: $12,500
Appraisal Report: In-depth, detailed research, analysis, appraisal and report for use by Client and third-parties: $15,000
How long does the process take?
We usually complete our valuation engagements in 3 to 4 weeks. Completion time depends on the availability and quality of information that the client provides. We will discuss the delivery date with you before signing an engagement letter.
What is required from the business owner?
We provide you with a documents request list. Most items are what you would expect - financial statements and business information. Once we do an initial analysis, we schedule a management interview. From time to time we may have questions, but we are sensitive to your time!
Do credentials matter?
Laura is an Accredited Member with the American Society of Appraisers and a Certified Valuation Analyst with the National Association of Certified Valuation Analysts. The SBA requires an appraisal by an accredited appraiser, as do most courts and the IRS. If you only need a ballpark figure, you do not need an accredited appraiser. If you want a substantiated report that includes deep-dive research into economic and other value drivers, an accredited appraiser is an excellent choice to meet your needs!
What about Confidentiality?
We do not share your information. We do not talk about our clients or engagements. Unless a client writes a review
and gives us permission to share their name, we don't! You will not see a list of past clients on this website.
We take confidentiality very seriously!
What industries do you serve?
We specialize in appraising dealerships (automotive, motorcycle, RV, marine, farm implement), but we are accredited
for any business and have experience in a variety of industries.