Personal Property Appraisal Template

[Edd Gillespie]

I have appraised personal property as a part of business previously on several occasions, however this request is to appraise only personal property.

These people answered an ad to purchase a business and it turns out all that is for sale is restaurant equipment. I have always appraised this sort of property in tandem with real property or with business intangibles.

If anyone has a template they would be willing to let me plagerize it would be helpful. Also, I am aware of liens and sales tax considerations and will check for those. Does anyone have any additional pitfalls to warn the unwary?

Thanks in advance.

 

[Brian Weaver]

Brand new restaurant equipment depreciates quickly - usually by 75% in the first four years or so. That's why there's such an active market in used equipment. With fallout ratioes over 50% the first year...used equipment is a better deal.

 

[Restrain]

I used to do a lot, including major manufcturing plants

What I would do is do it in a table format in Word.