“Signing the Asset Purchase Agreement is but one step in the process. Hiring the wrong people to take the parts inventory, or to value the assets could cost you hundreds of thousands of dollars.” – John Pico
The right appraisal begins with the right appraiser.
Whether buying or selling a dealership, settling litigation, obtaining financing, resolving a bankruptcy, or preparing an estate valuation, the quality of the appraisal often determines the quality of the decision.
Automobile dealerships present unique appraisal issues. Parts inventories, shop equipment, furniture, fixtures, leasehold improvements, and specialized dealership assets require experience that general business appraisers often do not possess.
Over the years, we have developed relationships with experienced inventory and fixed asset appraisers whose work has earned the confidence of lenders, attorneys, accountants, and dealership owners.
We help clients identify the right professional for the assignment.
We Can Help Arrange Appraisals For:
Parts inventories
Fixed assets
Furniture, fixtures & equipment
Service equipment
Collision center equipment
Special-use dealership assets
Typical Situations
Dealership purchases and sales
Estate planning
Divorce proceedings
Litigation
Bankruptcy
Lender requirements
Insurance claims
Financial reporting
Over the years, we have worked with a number of Parts Inventory Specialists and Fixed Asset Appraiser and below are some of our favorites. That’s not to say, however, that there are not other good people out there. These are simply the ones we favor.
Listed below are some parts inventory specialists with whom we visited or worked, and with whom we would enjoy working again. Obviously, with over five decades of transactions, the list is not all inclusive and we apologize to anybody we may have omitted.
Remember: The appraiser who is ideal for a lender’s collateral review may not be the best choice for a buy-sell transaction or expert witness testimony. Understanding the purpose of the appraisal is every bit as important as selecting the appraiser.
Advising Automobile Dealers LLC
We Could Make the Difference
