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What does a business appraisal cost?
Because each situation is unique, it is impossible to quote a standard price for a "typical" appraisal. We develop an estimated cost for each client once we collect necessary information and complete an initial review. The (Full) Appraisal is generally the most expensive alternative followed in order by the Short-Form Report and Calculations.
What information is needed?
When undertaking a (Full) Appraisal, the informational requirements are extensive because the appraiser must become familiar with all aspects of the Subject Business. Examples of some informational items would include: five or more years of financial operating results, identification of key suppliers, customers and competitors, owner compensation information, rental agreements on leased business property, marketing and promotional information on the business, industry information from trade journals or other sources, vitas on senior management and details of any pending legal actions, to name a few. Informational requirements are somewhat reduced for Calculations.
How can the cost of a business appraisal be kept to a minimum?
The best way to hold down appraisal costs is to provide the appraiser all of the requested information as quickly and completely as possible. When information and documents “trickle in” over weeks and months, efforts become duplicated and expenses increase
How long does it take to complete a business appraisal?
Generally a Full appraisal requires approximately 4—6 weeks to complete AFTER ALL documents and information has been received. During this period, the appraiser interviews senior management, visits the business headquarters, analyzes the economy and industry and performs a review of financial performance. This time frame is shortened somewhat for Calculations.
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Questions & Answers |
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Larson Appraisal Services |
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Business Valuation Specialists |
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Larson Appraisal Services |
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FOR PROFESSIONAL APPRAISALS OF PRIVATELY-OWNED BUSINESS INTERESTS CONTACT: |