We provide appraisals of various types of business assets. Asset types valued include.

● General Office FF&E
● Professional Practice FF&E

● Restaurant & Bar FF&E

● Business Inventories

● Business Receivables

● Contractual Agreements

● Business Intangibles

Business asset appraisals are ordered for a variety of reasons. Some of these situations may include.

Depending upon the situation surrounding the need for the appraisal. The value concept researched and estimated may be one of the following.

● Fair Value
● Fair Market Value
● Fair Market Value-Installed
● Fair Market Value-Removal
● Fair Market Value in Continued Use
● Liquidation Value in Place
● Orderly Liquidation Value
● Forced Liquidation Value

In the appraisal of business assets there are three (3) generally accepted approaches to value (cost, market & income approaches).  Depending upon the asset type being analyzed, as well as the purpose & intended use of the appraisal, we will help you sort through this methodology to a clear understanding of the value to be estimated & the approaches to be applied.

When dealing with tangible assets such as business furniture, fixtures & equipment (FF&E), the most widely accepted approaches include the cost & market approaches.  In relation to tangible assets such as business inventories, the most widely accepted approach is the market approach.  Business intangibles and contractual agreements are best valued via the income approach.  Brief descriptions of these approaches are noted below.

The market approach considers prices recently paid (or currently asked) for similar items with adjustments made to indicated market prices to reflect certain conditions of the comparables in contrast to the subject items.  This approach is appropriately employed when valuing assets which are commonly bought and sold in arm's length transactions.

The cost approach considers the cost to reproduce or replace the assets in question.  From this amount, an allowance is deducted for the total loss in value, as of the effective date of valuation, due to any depreciation or obsolescence present, whether arising from physical, functional or economic causes.

The income approach is predicated on the assumption that a definite relationship exists between the amount of income a asset can earn and its value.  In other words, value is created by the expectation of benefits to be derived in the future.  Income is converted into value through capitalization in which net operating income generated by the asset is divided by an appropriate capitalization rate.

The types of data we utilize in the performance of business asset appraisals vary widely depending upon the specific appraisal problem.  These sources include the following.

● Prices recently paid for similar assets.

● Current listing prices for similar assets.

● Recent auction results.

● Published price guides.

● Catalog prices.

● Dealer quotes.

● Discount rates.

● Yield rates.

● Royalty rates.

We subscribe to numerous print media and online databases for pricing information on business assets.  Our resources for this data are always expanding, given the reach of the information age.  This all goes together to form a solid basket of market information to form the basis of estimated values.  Each of our written reports will list the specific references for the engagement that were relied upon for pricing information.

There are two (2) basic types of appraisals performed for business assets.  These include "desktop appraisals" and "field appraisals".

A "desktop appraisal" does not require a physical inspection of the subject assets by us.  We rely upon listing and illustrative information supplied by the client to identify the assets to be appraised.  The appraisal analysis and report are performed "at a distance" from our office.

A "field appraisal" involves an inspection of the subject assets by us.  We gather data in the field and reconcile it with the client supplied information.  This type of analysis is much more detailed in scope, given the field inspection component.

As for written report types, the two (2) most commonly utilized formats are the "restricted use" format and the "summary format".  The restricted use format is rather light in discussion of the analysis and is intended for "internal use" by the client (only).  The summary format contains discussions of the analysis undertaken and is appropriate when parties other than the client will need to review the report.

Typical fees for assignments can range widely dependent upon the scope of the analysis and type of report agreed upon with the client.  An indication of typical fee ranges in noted as follows.

● FF&E for small sized offices, shops & companies ($750 to $1,200).

● FF&E for medium sized offices, shops & companies ($1,200 to $2,500).

● FF&E for large sized offices, shops  & companies ($2,500 to $5,000).

● Business inventories and receivables ($750 to $5,000).

● Business intangibles and contractual agreements ($750 to $3,500).

Timing for completion of assignments can range from a few days to a month, dependent upon the size & complexity of the engagement.  We can provide a solid fee & timing quote with some basic information about the appraisal assignment and asset pool to be valued.

USPAP Certified & Competent
Our professionals are USPAP (Uniform Standards of Professional Appraisal Practice) certified and experienced in their respective areas of specialization.  Each team member has developed competency in the property type they analyze & service provided.  All reports are certified by an accredited individual.

The education and experience of our team members exceeds the voluntary "Appraiser Minimum Qualification Criteria" adopted on July 30th of 1998 by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation for each respective area of practice.  Since we are USPAP (Uniform Standards of Professional Appraisal Practice) certified, our reports are completed in accordance with these guidelines.  We are required to re-certify in USPAP content on a periodic schedule.

Qualifications of Principal
The principal of Schreiner Valuation Resources is Bill Schreiner of Indianapolis, Indiana.  Mr. Schreiner is certified in all three (3) commercial valuation disciplines (personal property appraisal, business enterprise appraisal & real property appraisal).  In addition to assignments he undertakes directly, Mr. Schreiner also manages engagements performed by associates.  A brief listing of his qualifications are noted below.  A more detailed CV is available upon request.

●  MSA Master Senior Appraiser Designation in Real Property Discipline from the National Association

    of Master Appraisers.
●  CCRA Certified Commercial Real Estate Appraiser Designation from the National Association of

    Real Estate Appraisers.

●  Certified General Appraiser License from the State of Indiana Professional Licensing Agency.

●  Real estate appraisal & consulting courses taken through the Appraisal Institute and other nationally

    recognized organizations.

●  Management Certificate from Loyola University, School of Business Administration, Chicago, Illinois.
●  Over twenty (20) years of diverse experience in the appraisal, valuation & consulting profession.

●  Previously held the position of Senior Appraiser in a regional based accounting & consulting firm.
●  United States Marine Corps Veteran (Honorable Discharge from Active Duty and Service-Connected

    Disabled Veteran Rating from the Department of Veterans Affairs).

Qualifications of Associates
Associates located through-out the United States are brought in on a case-by-case basis for specific assignment requirements.  These associates include; designated machinery & equipment appraisers, designated personal property appraisers, designated real estate appraisers, designated business appraisers, real estate consultants and business consultants.  Detailed CVs will be provided on any other associates attached to a particular assignment.

Client Confidentiality
Clients are always concerned with the confidentiality of their records and assignment results. As accredited  appraisers and members of various professional organizations, we are bound by the confidentiality clause of the Uniform Standards of Professional Appraisal Practice (USPAP).  USPAP requires that we maintain the confidentiality of all conversations, documents provided to us and the contents of our reports subject to legal or administrative processes or proceedings.

For a fee & timing quote please call Bill Schreiner directly via his office line (800-373-1210) or his mobile line (800-736-5063).

Service Connected Disabled Veteran Owned Business - Schreiner Valuation Resources is a Service Connected Disabled Veteran Owned Business as noted within the US Government's Central Contractor Registration database (www.bpn.gov/ccr) under DUNS number 831393561.