Bowling Center FF&E

[GeorgiaCG]

Hi,

Would you all consider Bowling Center equipment such as the lanes, below floor ball returns, scoring systems and automatic pin resetters to be part of the real estate or FF&E?

Thanks,

TEA

 

[Financially Feasible]

Hi,

Would you all consider Bowling Center equipment such as the lanes, below floor ball returns, scoring systems and automatic pin resetters to be part of the real estate or FF&E?

Thanks,

TEA

Well, per Investopedia.com, the definition of FF&E is as follows:

What Does Furniture, Fixtures & Equipment - FF&E Mean?
Movable furniture, fixtures or other equipment that are have no permanent connection to the structure of a building or utilities. These items depreciate substantially but definitely are important costs to consider when valuing a company, especially in liquidation.

Investopedia explains Furniture, Fixtures & Equipment - FF&E
Examples of FF&E include desks, chairs, computers, electronic equipment, tables, bookcases and partitions.

To me, I'd say that all you just mentioned are real estate. However, I am probably wrong. :icon_mrgreen:

 

[PL1957]

Hi,

Would you all consider Bowling Center equipment such as the lanes, below floor ball returns, scoring systems and automatic pin resetters to be part of the real estate or FF&E?

Thanks,

TEA

Usually, if you can pull it out of the structure without causing damage to the remainder, it's FF&E. I'd consider everything you mentioned as FF&E.

 

[Howard Klahr]

Keep in mind that this type of property is more of value in use due to the special purpose characteristics. Also, value of FF&E once installed declines dramatically. It is a fine line here as to what is FF&E versus trade fixtures.

 

[MNRural]

Its FF&E.

Not sure how to put a number on it though. See my previous thread on allocating personal property items.

In the past I have used an allocation based on what percentages other buyer/sellers in the marketplace have used.

That method overstates the FF&E for tax/depreciation reasons and to try to fool the tax assessor (our assessor does not include bowling FF&E in assessed value).

Most of my collegues here say just put a number on it and dont worry about the USPAP police.

 

[judoanswersall]

The lanes themselves are often moved and would be considered equipment. I will note that I have appraised bowling alleys in the past and have used /Lane as a unit of comparison.

 

[TwelveSea]

The wood from the lanes has a secondary market

check it out

http://www.youtube.com/watch?v=4Pzzl5uF__g

 

[A New I T]

I will agree that they the lanes (removable), pinsetters, score boards are FF&E. In the past I have contacted a company out of SLC that deals in used bowling equipment. In some cases old mechanical pinsetters are worth no more $500 each and older score boards are worthless, due to parts being nearly impossible to find. Call the distributer of the pinsetters in your bowling alley and speak with a sales rep. They can give you several good leads into what the FF&E are really worth.

If you get lucky maybe a bowling alley in your area has remodeled and sold off there used equipment. You will be able to find this out when you interview your competition.