Appraisal Services
EQUIPMENT APPRAISAL SERVICES FOR THE AUTOMOTIVE INDUSTRY
LOCATED IN CALIFORNIA AND SERVING CLIENTS THROUGHOUT THE UNITED STATES
Daniel Clar Auctioneers provides written appraisals quickly and affordably. Companies require FF&E (Furniture, Fixtures and Equipment) appraisals for many reasons:
- Securing a loan
- Buying or selling a business
- Liquidating all or part of company physical assets
- Expert witness in legal disputes involving company assets
The following values are defined in the publication Valuing Machinery and Equipment: The fundamentals of Appraising Machinery & Technical Assets, Second Edition, by the American Society of Appraisers.
- Auction Value Appraisal is the amount expressed in terms of money of the expected gross dollar amount to be realized at a professionally conducted and promoted public auction sale as of the date of the appraisal.
- Orderly Liquidation Value Appraisal is the amount expressed in terms of money of the expected gross dollar amount to be realized at an orderly negotiated sale held within a reasonable period of time as of the date of the appraisal.
- Fair Market Value is the amount expressed in terms of money (cash or financing terms equivalent to cash) that may reasonably be expected for a property in an exchange between a willing buyer and a willing seller, with equity to both, neither under any compulsion to buy or sell and both fully aware of relevant facts, as of a specific date.
- Fair Market Value in Continued Use is the amount expressed in terms of money that may reasonably be expected for a property in an exchange between a willing buyer and a willing seller, with equity to both, neither under any compulsion to buy or sell and both fully aware of all relevant facts, including installation, as of a specific date and assuming that the business earnings support the value reported. This amount includes all normal direct and indirect costs such as installation and other assemblage costs to make the property fully operational.
- Fair Market Value – Installed is the estimated amount expressed in terms of money that may reasonably be expected for an installed property in an exchange between a willing buyer and a willing seller, with equity to both, neither under any compulsion to buy or sell and both fully aware of all relevant facts, including installation, as of a specific date. This amount includes all normal direct and indirect costs, such as installation and other assemblage costs, necessary to make the property fully operational.
Our appraisals take into consideration many factors depending on the level of appraisal.
- Age
- Condition
- Obsolescence
- Cost of installation or removal
- Current industry demands
- Economic changes
- Relevance
To discuss your particular appraisal needs, please call Daniel Clar at (619) 247-8782 or e-mail at customerservice@danielclarauctioneers.com for prompt and confidential response.
Are you buying or selling a new car dealership?
Whichever side you are on in a new car dealership buy/sell transaction, an FF&E (Furniture, Fixtures and Equipment) appraisal will help with your negotiations.
The peace of mind in knowing accurate and current values is only one of the benefits a well-organized asset appraisal report will provide. A current appraisal of the equipment can be a tool to justify the asking price of the business. If a buyer is looking for a business acquisition loan, the lender will want an appraisal on the equipment for collateral purposes. Once the buy/sell transaction is complete, a working inventory with complete descriptions will aid with accounting. This information will provide current Fair Market Values to the equipment which can be used to set up a new asset and depreciation schedule.