Article: Body Shop - How To Value One
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Body Shop - How To Value One
Many smaller body shop owners have asked, ?How do I appraise my body shop?? In the last month I have been asked to do two appraisals on body shops. The first appraisal was to assist in partnership dissolution; the second appraisal was for marriage dissolution. (That is what the attorneys call a divorce.) Would you like to know how to appraise the value of a body shop business?
Before we begin, I would like to make one comment. Whenever a CPA has done an appraisal of a body shop, I find that their opinion of value is much greater than the actual value the market place will pay. This is not because the CPA?s do not know what they are doing because they do; it is just that the market place places a much higher risk on buying a body shop than the accountants do. The following...
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